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Canadian universities do not appear to need external standardized tests for their domestic applicants, probably because high school courses and curricula are more standardized and “trustworthy”, at least at the province level.
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Education is not a Federal area of responsibility, but the rest of your statement is correct.
Kid1 graduated from a good public school in the district with the highest test scores in the province. She scored 94% (A=80%) in calculus and had the highest score on Waterloo’s Euclid math competition among female students in the school that year.
She attended an extremely competitive business program and was deeply humbled. While she was holding her own in most areas, she was unable to keep up with the best of her classmates in accounting, and even more obviously so, finance.
In hindsight, the difference can be easily predicted by the high school grades in calculus, that “invisible schieve”. Those top students in her program were scoring 97% and above, which translates into As vs Cs in those college disciplines.
The accuracy of those high school teacher evaluations is nothing short of amazing.