A "Trump Dividend" For Canadian Tech?

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Aird & Berlis LLP

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Aird & Berlis LLP is a leading Canadian law firm, serving clients across Canada and globally. With strong national and international expertise, the firm’s lawyers and business advisors provide strategic legal advice across all areas of business law to clients ranging from entrepreneurs to multinational corporations.
We've written in this space about the potential implications of a Trump presidency for Canada's startup ecosystem.
Canada Corporate/Commercial Law

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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