Embrace of AI and immigration has turned Toronto into a tech hub: ‘What’s not to like?’

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"Tech is driving the economy here," Stephen Lund, chief executive of Toronto Global, an agency that promotes investment in the city.

The Canadian city of 3 million is the fastest-growing in North America and is home to some 2,000 startups, along with more construction cranes than San Francisco, Los Angeles, Chicago, Boston and Seattle combined. There are also some 65,000 STEM graduates annually in the region.The Canadian city of 3 million is the fastest-growing in North America and is home to some 2,000 startups, along with more construction cranes than San Francisco, Los Angeles, Chicago, Boston and Seattle combined.

In all, about 200 companies — most of them in tech — have relocated to or expanded in Toronto over the last three years, Lund said. Vinod Bidarkoppa, chief technology officer of Walmart Inc.’s WMT Sam’s Club, described Collision as a “meeting of minds” on responsible tech use. “The city is open-minded, tolerant to different cultures and has basic health coverage, although it has higher taxes than the U.S.,” said Sebastien Gendron, co-founder and chief executive of TransPod. The eight-year-old company is working on multiyear projects in western Canada and in Texas to help move people and freight, and it plans to add 20 people to its 50-person workforce this year.

 

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