> does Canada get access to Americans data in return?
It probably is reciprocal, but in reality Canadian companies sell very little (if any) digital services to Americans. There isn't much they can even access. It's why the arrangement is so lopsided.
FATCA shows how promised reciprocity works (spoiler: it does not)
I think reciprocity would be in violation of the 4th amendment, and why don't Canadians have protection in the same way!