A vehicle crosses the International Rainbow Bridge from Niagara Falls, Ont. into Niagara Falls, N.Y. on Oct. 13, 2021. The Canadian Press/Aaron Lynett
Canada is quietly falling victim to “brain drain,” a trend marked by the ever-increasing exodus of well-educated young professionals to other countries, particularly the United States, a new report suggests.
Canada has a strong record of educating and training globally competitive workers and entrepreneurs, but struggles to retain them because of higher personal and business taxes as well as a lack of venture capital for startups compared to the United States, according to a new report by TD Economics titled, “Canada’s Silent Brain Drain.”
