Similarly the UK is pretty much the poorest Anglo country. It seems to be a pattern where the most ambitious/productive types "boil off" to where there is more opportunity. I suspect this pattern is reflected with most diaspora groups.
It also begets the other, a place that has that opportunity attracts people who want to work, people who want to work build opportunity, attract more people, etc. Once you're in a death spiral of people who don't want to work and you're not specifically building socialism, you end up in this half functional dead state like my country (Canada). I always say, I honestly don't care if we do communism or capitalism just pick one and do it well.
The best run and most successful socialist country ever was East Germany.
Even by global standards (compared against all countries) it did fairly well. By socialist standards it did really well. By German standards, it did so much worse than Austria, Switzerland or West Germany.
I don't think you want that for Canada. And that's pretty much a best case outcome.