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I'm curious -- can it compete with the PNW at all (i.e., tech jobs in Seattle)?

Even Microsoft internship in Vancouver was about 3.5k per month vs over 7 in Seattle

Hell I've received serious offers for ~70k salary here when that's lower than lots of Bay area internships before the exchange rate

It's absolutely ridiculous

Nope.

I work for a boring company in Canada that requires significant IT skill and experience. The salaries at this company are decent. In the last ~6 years, I've lost coworkers to Cisco (2 people), Microsoft, Google, Facebook and Yelp.

They're leaving for the experience of working for those companies, not the money.

Canadian tech salaries can't compete with pretty much any large-ish US city tech salaries.

I know a couple of people who did the move and both said it was a wash money wise once you factor all your costs (healthcare, rent, private school for the kids etc). Your job options are an order of magnitude better though.

Well, to be fair, I'm not really sure any area can compete with SV in terms of raw salaries. But then again, how far does that salary really go given the absurd cost of living?

To be fair, I don't think there are any places that can compete with SV tech salaries.