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That already happened, to a degree. Canada's dot-com darling was Nortel, which at peak accounted for 1/3 of the total valuation on the Toronto Stock Exchange.

Then the bubble burst and Nortel collapsed. A lot of institutional investors swore off tech after that, and it hasn't really rebounded.

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Nortel was an actual fraud though, as well as collapsing as a company. Changing financial reporting rules could prevent another Nortel-style fraud.

Agreed! But that wasn't the message that Bay Street took from it.

And all of the tech was siphoned away by Chinese spies!

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