(Bloomberg) — For years, Canada’s highly-skilled industries such as technology and health care have suffered a brain drain to the US. Some executives believe President Donald Trump’s move to make H-1B visas more expensive will change the dynamic.

Trump signed an executive order Friday imposing $100,000 fees on new H-1Bs, creating confusion and frustration for companies that rely on the program to bring in global talent in computer programming, engineering and other roles.

The fee is a significant opportunity for Canada, according to some tech industry players, at a time when the country is seeking answers to low productivity growth and the economic drag of US tariffs.

“Cities like Vancouver or Toronto will thrive instead of American cities,” Garry Tan, CEO of famed San Francisco startup

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