Canadian Tech Companies That Profited From Trump Could Lose From Biden | WABNEWS

HALIFAX, CANADA – As the United States eases its immigration policies under President Joe Biden, leaders of Canada’s thriving tech sector may find they have to work a little harder to attract top international talent. “The effect of the Biden Administration is yet to be seen,” says Soumya Ghosh, a Toronto-based financial services executive. Yet Canadian tech companies have been clear beneficiaries of restrictive U.S. immigration policies under former President Donald Trump, and have been able to hire highly-skilled workers from around the world who might otherwise have been directed to jobs in the United States. U.S. USA: Changes to temporary worker program under scrutiny With the approval of recent regulations on the issuance of visas for temporary foreign workers, the debate within the United States grows. Some question whether the new rules will make it difficult for highly skilled workers from other countries to contribute to the country. The influx of skilled workers helped make Toronto the fastest-growing hub for tech jobs in North America in recent years, according to a January 2020 report by American business analysis firm CBRE, a global services company. and investments. The Canadian city of Vancouver, on the Pacific coast, also ranked in the top five, along with San Francisco, New York and Seattle. An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada on October 22, 2018. The Canadian tech sector includes local businesses such as e-commerce company Shopify, which says it supports 1.7 million businesses in 175 countries. The ease of hiring international talent has also made Canada more attractive to global giants like Google, which in February 2020 announced plans to triple its workforce in the country. While Trump’s political goal was to prioritize highly-skilled workers under a “merit-based” immigration system, the issuance of US visas fell in almost every category during his administration, especially after the COVID-19 pandemic. . The Biden administration said this week that it has not yet decided whether to extend the temporary Trump-era ban to the new H-1B visas, the most commonly used visa under which highly-skilled tech workers can come to the United States. But even if some immigration restrictions are lifted, Canadian analysts believe there are other reasons why their industry will continue to attract top talent. ‘Cost advantage’ “Canada also has a cost advantage,” argued Ghosh, who is vice president and head of Canada’s market unit for banking and capital markets at Capgemini Financial Services. “In addition to being in the same time zone as the US, US-based employers can also tap into the pool of Canadian tech talent who are in the same time zone at a lower cost.” The global coronavirus pandemic has also benefited the sector, according to Alexander Norman, co-founder of TechTO, a resource center for tech workers new to Toronto. Trump administration sues Facebook for discriminating against US applicants The lawsuit alleges that the tech company favors foreign workers over Americans. “Canada has always produced talent, but in recent years that talent has decided to stay home and build new companies here,” Norman told the WABNEWS. “We are beginning to see the result of this change with leading technology companies in many different sectors.” Commitment to immigration But for many tech experts and executives interviewed by the VOA, no factor has been more important in Canada’s tech boom than its commitment to immigration, including robust refugee resettlement and a vibrant community of international students. “We have one of the best immigration systems in the world,” said Robert Asselin, senior political adviser to Prime Minister Justin Trudeau during his rise to power in 2015 and Canada’s director of policy and budget under Finance Minister Bill Morneau, 2015. to 2017. “Mobility is possible. Second-generation immigrants consistently do better. ”Asselin, who was born and raised in a French-speaking part of Quebec, said he attributes Canada’s successes to the openness formed through a long-standing effort to be a multilingual country. The official languages ​​of Canada are French and English. “We are very good at integrating diversity and taking advantage of diversity as a strength, and when you think about the future of companies, you want all the talent to come to your country,” he said. “I think we are one of the best places to emigrate to in the world. If people want to come here and have the best chance of succeeding, I think we are one of the best countries to do so.” Who will be affected by President Trump’s latest immigration restriction? The executive order of President Donald Trump suspends until the end of the year a variety of visas that allowed the temporary entry of high-level professional workers, such as engineers and university researchers, among others. Canada’s only land border is with the United States, which makes it relatively easy to prevent uncontrolled migration and to focus on welcoming highly skilled workers and refugees at an orderly pace. The waves of immigrants, mostly low-skilled, arriving at the southern US border have been a polarizing factor in the US immigration debate. Ghosh agreed that immigration has played an important role in Canada’s economic development. “When it comes to the tech scene, much of the development that has happened in the tech space, the demand from Canadian companies, is significantly dependent on smart people coming from different parts of the world,” he observed.

READ MORE WAB NEWS

YOU MAY ALSO LIKE

Leave a Reply

Your email address will not be published. Required fields are marked *

+ 22 = 23