Observation: In the CS ranking, UBC is ranked above the University of Waterloo, though both ranked below U of T? I'm skeptical. (Disclaimer: I go to UBC).
Regardless of whether those rankings are accurate, most of us let them inform our college decision to one degree or another. Our affiliation with the various subsets of schools does suggest some traits about us and hence the HN population.
But at the end of the day, the education is only as good as the effort you put in. You can graduate from a school that isn't ranked highly and still be incredibly successful
I don't know american schools (I'm UWaterloo) but the difference in Canadian schools seems to be whether you went to a school that took their program seriously or one that just has it their to round out another program (computer science at Wilfred Laurier for instance).
I'd love to see thoughts on ranking CS schools too. I always see MIT/Stanford posts but not much else.
I went to Wharton/Penn for undergrad, which favors me in these kinds of surveys, but I'm still against them.
Edit: I have no affiliation with either institution and think it's all irrelevant, other than from a cultural awareness perspective.
(imo Penn State is a fine - as in very good - engineering school)