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As a Canadian I think we are at a point where there's diminishing returns to education now.
So, the statistic is counting people who were educated elsewhere and then moved to the US afterward. Essentially letting the US take credit for other countries' educational programs.

I think if we just counted the average education level of people who grew up in the US it would be much lower.

The US attracts educated people from all over the world, but it does not do much to educate the majority of its own people.

Most of the immigrants to the US have very low education compared with the general American population.
Doesn't Canada only allow skilled immigrants to enter the country? I suspect that is a significant factor.