Indeed, the ACCC deal is about three times more expensive than the American CCC rate which most institutions don't bother using - which is now very problematic anyway given the recent Georgia State decision. Canada is way out of line with the USA, See here and here.
A prominent American law firm has now weighed in questioning why Canadian institutions would pay to do what may now be or soon will be legal anyway because:
Some critics argue that such a license is unnecessary, because educators are already permitted to copy approximately that amount without a license under existing Canadian law, or at least they will be upon the passage of Bill C-11, which is currently pending before Parliament.
PS - York University has just announced that "After careful review, a decision has been made that York University will not be entering into the Access Copyright licence agreement that was negotiated by the Association of Universities and Colleges of Canada (AUCC)." York is the latest entry on Prof. Ariel Katz's Hall of F/Sh/ame.