Canada sees a big opportunity in drawing tech talent north of the U.S. border, and is making moves to seize it at every turn.
The Canadian government is also aiming to pass a bill that would speed up immigration supporting particular labor needs based on sector, Fraser said.: The biggest and richest tech companies in the world are all U.S. born. But Canada's leaders think that could change fast.
Fraser pointed to Canadian company Shopify, founded by a German immigrant: "We're trying to set the stage so people around the world say, holy smokes, Canada is begging us to come to business there, and providing us with the tools we need to succeed once we come."Excruciatingly long waits for green cards means the U.S. loses out on tech talent, resulting in calls for fixes to the system from major companies like Microsoft and Google.
The U.S. has an annual limit of 85,000 H-1B visas per year, far too few for the number of applicants. Canada does not have a similar cap.There are complaints that Canada's Startup Visa Program, launched in 2013 and meant to draw people to start companies in Canada, iCanada must also make room for its new residents: "We have to do some long-term planning to make sure that we establish a greater absorptive capacity in our communities," by building new housing, said Fraser.
"Beyond the magic with these world-class cities like [New York and San Francisco]... the tech opportunity in [Toronto] is every bit as large," said Fraser.
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