Students visa is best category for any country and if they curb the pathways then students would go somewhere else... Same happened in the UK and now Australia... In recession, students category is the best for any country...I'd suggest to send your application if you can. Not to be pessimistic, but a world recession is looming; immigration laws may get revised soon and future immigrants may get the wrong end of the stick. Currently, the government of Alberta is cutting a lot of paths for residency for new graduates, planning for low number of job positions.
If I am not wrong, Immigration and citizenship is governed by federal government and not provincial and to make any changes would take some months, not weeks for sure...We can make an argument on how valuable are student visas. We are immigrants, and we are not looking at student visas, but permanent residency visas. Currently, these are getting cut as part of an immigration reform triggered by the consequences of the pandemic. I insist, there are changes coming, you want to have your papers in the system as soon as possible.