As a Candian, it seems to me so very pathetically and predictably Canadian to literally herald the surrender of your own industries to foreign takeover.
Canada is (often) to tech what Mexico is to cars.
Mexican 'assembly' of cars is fine and good, but they don't exactly move up the value chain from there.
Canada produces a lot of decent tech people, who will work for 2/3 the wages, unfortunately, this doesn't map to a successful entrepreneurial climate. Now, that's a hard thing to contemplate, as 'nobody' can really compete with SV at their own game, but it's disingenuous in the least to farm out labor and compare that activity with those doing much of the higher-level work, and most importantly: controlling the profits.
Maybe the Mexico analogy goes a little bit too far, as there are tech startups and a few decent companies in Toronto, by and large, but they have serious trouble scaling into anything. To be fair, it's not like most US cities are any better. In fact, aside from the weather and lack of charm, Toronto is a 'better all-around city' than most American cities.
But there's a serious lack of exceptionalism, and far too many of Toronto's best move on to the US, London, or elsewhere.
This kind of 'pathetic nationalism' is why loathe the CBC. It's as though they are utterly unaware of the extent to which they extoll mediocrity.
Canadians are well educated, get along pretty well, and the 'average person' in Canada in many ways lives better than the average American, at very least there's a lot less calamity, fraud, there's full healthcare which isn't great but it's mostly good.
But - on the issue of talent and exceptionalism, it's a disaster. We are near the bottom of the OECD it talent and R&D expenditures. Canada sends China 'raw materials' and they send us back finished goods: this is the opposite of 'first world/developing world' trading norm.
We should not be hailing mediocrity as a victory. It's nice to have jobs, but there is no Valley of the North.