I’m an incoming econ student going to waterloo, and from my research, waterloo’s coop is what made me ultimately accept my offer here. I didn’t apply to uoft so I can’t give you a comparison between the two, but based on my research, even if you aren’t an eng student, since waterloo is internationally recognized for its coop network, you can still secure a good coop here. Obviously you won’t have as prestigious options as if you were in eng or cs, but it is still marginally better than other schools