At a time when foreign direct investment flow into developed economies plummeted by 40 percent, investors went all in on Canada in 2018, intensifying their investment in the country by 70 percent. In fact, when Amazon announced it would be dividing its HQ2 pie into numerous slices, its further expansion into Vancouver became the largest foreign direct investment (FDI) in tech in Canadian history.
IBM and Microsoft have both also crossed the border from America into Canada, joining the 41,500 tech companies that have taken root in cosmopolitan cities such as Toronto and Vancouver. In Toronto alone, the number of tech jobs increased by 50 percent between 2012 and 2017, adding 82,100 jobs to the city; that’s more than any other city in North America. Not to be forgotten are the new tech jobs in cities across the country, like Montreal, Ottawa, Halifax, Victoria, Edmonton, Calgary and Winnipeg.Read More