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One of the reasons for the imbalance is that the Canadian dollar has traditionally been weak compared to USD. Since a large portion of the Canadian economy is based on exporting natural resources this is an overall good thing for Canada to have. Balancing all of the competing interests in a national economy is hard.

From talking with people I know who are still in Canada it sounds like the FAANG companies expanding there presence is starting to fix the wage disparity for tech workers. Without the wage gap there is less incentive to leave. I'd rather just let this continue than rely on some knee jerk government intervention that is likely to have unintended side effects.



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