Canada Seeking Investment from Big Foreign Players in Tech Sector
Canada Seeking Investment from Big Foreign Players in Tech Sector
A damaged motorcycle from a crash involving Justin Trudeau’s motorcade
10 February, 2018, 05:32
Canadian Prime Minister Justin Trudeau is embarking on a four-day USA tour to discuss how public service can contribute to stronger economic and political ties between the two countries.
Two years ago when Trudeau took office, Canadian expats who were veterans of Silicon Valley talked to The Canadian Press about the hard sell their home country faced.
A Canadian programme allows businesses to get work permits for foreign workers in about two weeks which must have been a great reason. Trudeau is out to attract investment from USA businesses while ensuring that they don't lure too much talent away from the local players. His first meeting is with Salesforce CEO, Mark Benioff, and other tech leaders at the Salesforce offices in San Francisco.
Trudeau demurred when asked whether President Donald Trump's immigration enforcement efforts are making the sales pitch easier, pointing to the power of globalism.
Trudeau is also meeting with Amazon Chief Executive Jeff Bezos to promote Toronto as the location for Amazon's second headquarters.
At his roundtable with Benioff Thursday morning, Salesforce announced that it would invest $2 billion in Canada over the next five years to build out its data centers and hire more people. Among his desires is requiring more made-in-America auto production and shifting more government contracts to USA companies.
While in San Francisco, Trudeau has been touting Canada's tech talent and virtues as a technology hub.
Canadian Prime Minister Justin Trudeau on Wednesday said his nation will not be pushed into any redo of the North American Free Trade Agreement that does not benefit Canada.
The lengthy talks have increased the political pressure and the rhetoric in Canada, where the stakes are high.
In brief remarks to reporters before meeting with Newsom, Trudeau said it was good to talk about all the issues that bind California and Canada.
Mr. Trudeau has lamented a "brain drain" of Canada's best tech minds, saying at a recent Google event in Toronto, "Quite frankly, we're exhausted of Google poaching our best graduates from the University of Waterloo and sucking them down to California". "We have to make sure we are sharing the benefits of trade and the opportunities that come with it with families".
There are hundreds, maybe thousands - no one can say for sure - of Canadians in the tech industry in Northern California, many of them on visas made possible through the trade pact. He pointed out that the relationship between the US and Canada is what's important, but that the Canadian people expect him to have a constructive working relationship with whoever is president of the USA and to stand up for Canadian values.
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