Lots of apparent  "knowledge" about universities here. Or is it here-say?  Canada has a "Tier 1" university?  Whats that? Has the institution had any global influence?  Or Not. Canadian undergrad and doctorate myself.  But for my children I've paid tuition and attended convocations at U of T,  McGill, University of Manitoba, Oxford University, and Paris Sorbonne. Had a little exposure to institutional relative quality and performance.
And despite Peterson, at a masters ceremony, declaring  U of T  "world class" you may rest assured it is not. Extrapolate through southern Ontario.