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May 11, 2017

A “Trump Dividend” for Canadian Tech?

We’ve written in this space about the potential implications of a Trump presidency for Canada’s startup ecosystem. With Trump’s first 100 days in the rear-view mirror, a recent New York Times article reviews some of those implications and forecasts a “Trump Dividend” for Canadian artificial intelligence and technology companies.

The Times article argues that this “dividend” is in the form of human capital, as high-tech talent surges into Canada in response to American migration policy and other political developments. The Times notes that applications to Canada for student and temporary visas surged post-election. The article points to companies like Uber and Ross Intelligence opening branch hubs in Canada as examples of this effect, and applauds Canada’s “well-funded” programs for attracting and retaining a high-tech workforce.

Canada’s commitment to the mobility of talent, as exemplified by its Global Skills Strategy (which launches June 12, 2017), is quickly becoming a market advantage for the Canadian sector, and it appears the market is responding.

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