By CIC News |
Between April 2022 and March 2023, more than 32,000 global tech industry workers came to Canada for work according to a recent report from The Technology Councils of North America (TECNA) and Canada’s Tech Network (CTN).
What follows will now go deeper into the report from TECNA and CTN, which highlights some of the top destinations for tech workers across Canada and much more about the tech industry landscape in the country.
Understanding the report from TECNA and CTN
According to this report, Canada has attracted significant numbers of tech workers “largely” as a result of the country’s “immigration-friendly national policy and … labour cost advantage.”
Aiming to gain insight into how globalization has affected the migration of tech occupations in North America, TECNA and CTN suggest that the rise of remote work has resulted in tech talents more frequently moving away from traditional tech hubs. This, says the report, is partly due to the COVID-19 pandemic.
Specific to Canada, the report asserts that the global net in-migration of tech talent to Canada remains strong, primarily from India, Nigeria, and Brazil. However, another reason for the booming tech industry in this country is increased investments from U.S.-based tech companies into Canada. These investments have increased, to some extent, due to geographical proximity and a favourable disparity in compensation.
In 2022, Canada had more than 400,000 software developers in the country and the growth of the national tech workforce has not been limited to the bigger Canadian markets. In fact, smaller provinces like Saskatchewan and Newfoundland and Labrador have experienced the most rapid growth in their tech workforces, with a year-over-year growth of 16.3%.
