Overview

Canada's most populous province boasts three of the top six Canadian locations for tech-based investment identified by ICTC's recent study on foreign direct investment attraction from the EU.

Toronto is the country’s largest technology hub and home to one of the most significant clusters of mobile applications companies in North America. Toronto has one of the highest concentrations of AI startups in the world and is often referred to as "Silicon Valley of the North." It is particularly strong in fintech and blockchain.

The Ottawa-Gatineau metropolitan area is a technology-intensive city, with almost one-tenth of its workforce in technology-based roles. It is a leader in autonomous vehicle technology, telecommunications, and digital media.

Waterloo is ranked among the top 20 technology clusters in the world. The city specializes in AI, big data, fintech, advanced manufacturing, and robotics. The University of Waterloo is renowned for its co-op program and collaborates with over 7000 employers, enabling students to gain access to valuable paid work experience for up to two years.

Provincial population (2019): 14.70 million
Gross Domestic Product (GDP): $857.4 billion
ICT NOCs salary average: $78,043
Size of ICT NOCs workforce: ~ 628,500
Share of National ICT NOCs workforce: 47%
ICT demand growth forecast (year-over-year, pre COVID-19): 3.1%

ICT Job Data

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