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US IT headed towards Canada

09 February 2018

Mr. Trudeau will be meeting with Amazon's Jeff Bezos, as well as executives from Salesforce, AppDirect and eBay, encouraging them to open up shop in Canada instead of poaching the country's talent. Business Insider is reporting this is Trudeau's chance to pitch Toronto for Amazon's new headquarters, H-Q-2.

"Any investment in Canada would be a great thing and obviously it would be a significant boon for anyone who got it", Trudeau said.

Several technology entrepreneurs in Canada said the University of Toronto in particular was a draw, thanks to its research in machine learning and other artificial intelligence, and that businesses also could be certain they could hire anyone they wanted, given immigration policy. "Attracting strong talent, both in the USA and Canada, is a key part of our growth strategy, and we're excited about the opportunities this investment will bring".

USA business software developer Inc will pump US$2 billion ($2.5 billion) into its Canadian business over the next five years, it said on Thursday, the latest major USA technology investment across the border since early 2017. AppDirect is already tapping into the country's deep technology talent by supporting almost 300 jobs in Canada with a focus on engineering and product support.

Several other United States technology companies are expanding into Canada. "And talent is global now".

Facebook said it would expand its artificial intelligence research lab in Montreal, where Microsoft also plans to double the size of its research lab. Ahead of the meeting, he said he planned to make the case for Toronto's bid for Inc.'s new headquarters.

Salesforce said that the company - along with its ecosystem of customers and partners in Canada - will create more than 28,000 new direct jobs and $17 billion United States dollars in new business revenue in Canada by 2022.

Trudeau has a delicate balancing act in front of him. The company has donated more than $1 million to local communities, and has given its technology for free or at a discount to various non-profits such as the Heart and Stroke Foundation of Ontario, Canadian National Institute for the Blind, and MS Society of Canada. Trudeau is out to attract investment from US businesses while ensuring that they don't lure too much talent away from the local players.

US IT headed towards Canada