That linked report says that 84% of
Software Engineering Waterloo grads, from the class 2020,
intended or desired to move to the US (it's unclear if they actually did -- the poll was completed June 2020).[1]
A very important detail here is that Software Engineering is a specific specialization under the Engineering faculty. This figure does not include Computer Science graduates, for example, as that is a separate and much larger department.
So, this is a poll of 87 students (out of ~107) of a very specific graduating class. To put this in perspective, the Computer Science department at Waterloo is 4,000 undergraduate students.[2]
I'm not refuting that Canadian graduates often look to the US for better employment opportunities (full disclosure: I did that), but I think we owe ourselves to look at this topic objectively.
[1] https://uw-se-2020-class-profile.github.io/profile.pdf
[2] https://cs.uwaterloo.ca/about/quick-facts