I'm not sure what their "train wreck" comment is alluding to either but as a recent graduate from a Waterloo university I've heard for years about "brain drain" and how most of my fellow graduates leave the area to pursue better careers down in the US or abroad because Canada's tech industry simply does not provide the pay, benefits, career ceiling, etc. as Silicon Valley, for example. This problem has been plaguing Canadian tech for quite a while you can probably find many articles about this on Google.
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