It's kind of strange actually because production budgets do not equate to good entertainment. I appreciate the point that the examples make but I'm starting to look at my own viewing habits. I tend to look at my own ones these days and find that I get much better programming through streaming services than broadcast/cable these days.
Take Britbox for example. The UK has produced dozens of crime/detective series which are high quality entertainment, IMHO. So much so that my usual American fare of NCIS, FBI, Marshalls etc etc in all their derivative forms has just become formalistic, unrealistic, over-the-top dreck that I've stopped watching. Yes, the BBC gets more money but many of these shows are non-BBC produced. Their budgets are lower, but their writing is better and, in many cases, the acting is better - heck, even "Murder in Paradise" which has dreadful acting has more entertainment value than the average US show.
My gauge of a good film or series is "am I invested enough in this character, that I care about what happens to him or her?" That's not just will the character die, but even leave the series, or will the series carry on so that I can get more of the story. The Brits do that better than others. Most American series I've given up on. Canada? Well, I give a new series two episodes for me to decide whether I'll watch it continuously. Few Canadian ones pass that test. "Saint Pierre," "Son of Critch," "Amazing Race Canada," and (Lord help me) "The Great Canadian Baking Show" have, but that's about it.