Unfortunately, CIC decisions have been extremely illogical. Stopping FSW draws due to travel restrictions is completely asinine. For the first batch of CEC only draws, it made sense, becasue VACs outside of canada were all closed. But now they are largely open, albeit at a limited capacity. The fact that Canada has travel restrictions has absolutely no bearing on people outside of Canada who haven't reecived ITAs yet, since FSW applications are taking over a year to process anyway. I do hope FSW draws start soon, but outside of wasting mre money on a canadian degree, the pathways to residency seem to closing in Canada as well.
Note that Canada and Australia are the only two developed countries that offer direct residency. Everywhere else, you have to go on a work visa, and then apply for residency after a few years. And in most cases, you need to have a student visa to even have a shot at a work visa. Canada appears to be slowly shifting towards this as well. From Canada's ppoint of view, this makes perfect sense, as it incentivizes people to study in Canada, brining in more money. Any increase in competition will only ensure that the top percentile of students make it to Canada.
All that being said, I do hope that I am absolutely wrong about everything.