Why the American Tech Industry Is Innovating in Canada

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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.

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Why U.S. Companies from All Industries Are Flocking to Canada

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At a time when multinationals face increasingly restrictive access to some markets, Canada remains an open and progressive global player and an optimal ecosystem in which to quickly scale up and innovate for the future.

In 2017, Salesforce announced that it would invest $2 billion in its Canadian companies over the following five years. The next year, it additionally rolled out its Canada Trailblazer Fund, a $100 million investment in Canadian entrepreneurs to fuel innovation in the country.

The Salesforce announcements were massive; however, in many ways, they were only a microcosm of what’s happening across Canada. Amazon, Tesla and Uber are among the many other U.S. companies expanding into their northern neighbor.

What’s propelling so much American activity up north?

Canada has the most educated workforce in the world. It also has several federal immigration programs ensuring that if select skilled workers aren’t available in the Canadian market, they can be enticed to the country very quickly. (Canada’s affordability and excellent quality of life help with that.)

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Programs & Incentives

Canada's programs and incentives make it easy for your business to grow and make money. Explore the programs and incentives created for your business.