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alephnerdtoday at 5:06 PM8 repliesview on HN

> then will act surprised as Canada's tech sector finds it even harder to create any consumer facing businesses...

That's not why an indigenous Canadian tech industry is non-existent.

Heck, China, Israel, India, South Korea, and Taiwan all have larger tech industries than Canada and have much stricter internet speech requirements (and in Israel and Taiwan's case are much smaller than Canada population wise).

Canadian tech is nonexistent because every Canadian pension fund, family office, and bank prefers to invest in American equities over Canadian equities.


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mikestorrenttoday at 8:04 PM

Oh cool, we should set up stricter free speech restrictions in order to encourage our nascent tech sector. Sure thing champ.

Canadian tech is nonexistent because we continue to see ourselves as a colony instead of a country, a resource-extraction post-national economic state instead of a people.

EmbarrassedHelptoday at 7:03 PM

> Heck, China, Israel, India, South Korea, and Taiwan all have larger tech industries than Canada and have much stricter internet speech requirements (and in Israel and Taiwan's case are much smaller than Canada population wise).

That's actually not true for most of those countries. None of those countries other than maybe China have laws requiring encryption backdoors.

Suspicionless bulk metadata retention is also illegal in the EU, and no such law existing in many of those other democracies you listed.

singpolyma3today at 5:43 PM

The premise seems wrong here. As someone who worked my whole career in Canadian tech I assure you it exists.

tamimiotoday at 8:02 PM

Because US has far better opportunities and more money.

My personal experience in doing business in Canada: each industry is monopolized by two or three companies, you need to get their “blessing” before you can do anything in that sector. Government contracts aren’t much, but even with that, it’s nepotism based, you will get a contract knowing someone who will indirectly get benefits from you, for example you will hire people they know, so kinda laundering the money. Lengthy regulations, you might wait months to get an SFOC for example (in drones, where you might need a special flight operation certificate) to do a simple operation, only to repeat that for another test. Securing clients, a combination of low on money and usually clients prefer US based companies, your best bet is securing a big client that will be your backbone, so back to point one where you need a blessing from a big company. And Im talking here about a business where there’s an opportunity to scale up, so food truck business and the local plumbing work aren’t part of that.

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giantg2today at 5:09 PM

A lot of the Indian tech industry is really just the tech industry from other countries being outsourced to there.

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tw85today at 7:21 PM

And why, pray tell, is that the case? Because the Liberal government has created a terrible environment for Canadian businesses over the last 11 years, ballooning the size of the public service and the amount of regulations and bureaucratic oversight, as well as trying to pick winners by handing out subsidies to all the wrong companies in service of their ideological agenda. They would rather companies fail than succeed without their "help". That, and they've done everything in their power to keep the housing bubble juiced instead of allowing an RE correction. But hey, running the country into the ground while trying to blame everything on the orange man gets you elected, so I don't expect any course correction.

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fidotrontoday at 5:22 PM

> Heck, China, Israel, and India all have larger tech industries than Canada and have much stricter internet speech requirements.

It's almost like all three of those involve absolutely enormous captive markets, including for their defence/espionage purposes.

cmrdporcupinetoday at 5:13 PM

> Canadian tech is nonexistent because every Canadian pension fund, family office, and bank prefers to invest in American equities over Canadian equities.

Off-topic but I suspect it's also that oil and gas and real estate are the "easy" money in Canada and that's where investment goes. Canadian investors are risk adverse because they can be. That and there's a colonial-descended cultural bias towards credentials and established players.

But yeah, I'm furiously writing code for a product living off my savings, and would love to get investment to build a startup off of it, but every time I sniff around the Canadian "investor" scene it becomes clear to me that they'd have no time for somebody like me.

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