âSome of the Canadians in the group have been asking, âShould we relocate our office? Should we change our approach?ââ Waselnuk said. âBut we donât really know whatâs going to happen. If anything, America doesnât know either. Canadians donât want these problems. We just want to get along.â
Alysaa Co, a principal at Bain Capital Ventures and fellow Canadian, agreed. She noted that one of Bainâs portfolio companies, a Toronto-based fintech startup, has been serving US-based small businesses since its inception. Ideally, Co said, the startup wonât have to rethink that strategy.
Some in the Maple Syrup Gang poked fun at the US and American culture. One entrepreneur, who showed off an AI-powered tool for helping kids learn math, asked the crowd to roast him and provide brutally honest feedback on his app. âPretend like youâre from Texas. Or pretend youâre Trump,â he said.
Canadian pride and nationalist sentiment have been on the rise since Trump began threatening Americaâs northern neighbor and took a hard line on trade. The percentage of Canadians who say theyâre âvery proudâ of their country jumped significantly in February from just a couple months prior, according to data analysis from the Angus Reid Institute, a Canadian nonprofit research organization. As Canada gears up for national elections in a few weeks, the two major political parties are emphasizing the importance of âCanada Firstâ and defending national sovereignty. Carneyâs Liberal Party, which was sinking in the polls before Trumpâs rhetoric toward Canada turned dark, has seen its popularity surge as the prime minister, a former banker, positioned himself as the best candidate to protect Canadaâs economy.
This growing sense of Canadian national pride has trickled into the tech sector, too, where some investors and startup founders view the divisiveness between the US and Canada as an opportunity to boost their countryâs productivity and self-reliance. A group of Canadian tech entrepreneurs, including executives from Shopify and Cohere, recently spun up a promotional campaign called Build Canada with the goal of influencing policy on technology, tax reform, and immigration. An article in the Canadian blog Betakit reported that these tech leaders have been âfrustrated by the Liberal government and the countryâs long-standing productivity woes.â
âIn hindsight we will look at these US tariffs as an important wake-up call for ,â Boris Wertz, founder of Vancouver-based Version One ventures and a former board partner at Andreessen Horowitz, said on X in early February. Canada should diversify its international trading partners away from the US, deregulate inter-provincial trade, and double down on energy infrastructure, Wertz wrote. He also included âborder security/tough on crimeâ as an agenda item.
Canada has been a significant source of tech talent in Silicon Valley since the North American Free Trade Agreement was put in place in 1994, which included a program granting an unlimited number of visas for skilled professionals looking to move from Canada or Mexico to the US. (NAFTA was replaced by the United States-Mexico-Canada agreement, or USMCA, in 2020.) Canadians who work in tech can quickly rattle off the names of unicorn founders and other notable figures who are originally from their home country, including Uber cofounder Garrett Camp, Notion cofounder Ivan Zhao, Cloudflare cofounder Michelle Zatlyn, and Pebble creator Eric Migicovskyânot to mention the thousands of Canadian engineers who toil away on products behind the scenes.