Alec Saunders has a trio of informative postings (1, 2, 3) that dig down into the problems faced by the Canadian tech start-up community.
Saunders on Tech in Canada
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Canadian Government Introduces New Stablecoin Act as Part of Budget Implementation Legislation 
The Law Bytes Podcast, Episode 250: Wikimedia’s Jan Gerlach on the Risks and Challenges with Digital Policy Reform 
The Law Bytes Podcast, Episode 249: The Debate Over Canada’s AI Strategy – My Consultation Submission and Appearance at the Canadian Heritage Committee
Canada has Tech?
And when we do, we sell it off to the highest foreign bidder in a heartbeat!
As someone in the tech industry, I can certainly agree with the statement that the “For most of us, the best we can hope for is a quick exit to a larger, better financed American company. ” – I have to import all my electronic parts for manufacturing from the US or China. With our dollar going low again, my viability shrinks bigtime! It makes 100% sense for me to just move my company to the US.
And on link #2, Canada in the software category will almost completely disappear if you factor out the gaming industry.
We can’t blame just government and management though, as bad as they are, the Canadian mentality is that we are insignificant in the world. Hence, we think this, therefore we are.