Canada tech firms are incurring huge advantage owing to the immigration rules of the US under President Donald Trump. They are more than happy, especially Canada tech firms in the Toronto area.
In 2017 the Canada tech firms in Toronto area witnessed a hike in the number of overseas job applications, thanks to the stringent US immigration rules, at least partially. A survey has revealed that out of the 55 tech firms with 1 million $ revenue, 53% recorded hike in overseas job applications. This was in 2017 in comparison with the 2016 figures, as quoted by the Washington Post.
MARS Discovery District is an innovation hub offering venture services. It also offers facilities and funds to startups in and in the vicinity of Toronto. This hub has said that in its latest survey, 45% of the tech firms recorded hike in overseas hires in 2017.
Canada is also not far behind in launching initiatives to take maximum advantage of the global immigration scenario, especially with reference to the US. The Government of Canada has launched the Global skills Strategy. It is aimed at offering fast-track visa to skilled overseas immigrants. More than 1/3rd of the tech firms said that they have been benefited by this initiative.
The tech firms have also said that the initiative of the government has assisted them in hiring increased workers especially from India, Brazil, China and the UK. Of course, this is also inclusive of skilled workers from the US as well.
The talent pools of skilled workers arriving in Canada are highly educated. Around 3/4th of the skilled workers are Data Scientists or Engineers. This trend is not at all surprising. Engineering Vice President of a Toronto based tech firm Ian Logan said that around 10 to 15% of individuals in California are looking to relocate to Canada.
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