Vastavam web: Canada is losing tech talent and as a consequence, Canadian companies are trying to attract foreign talent to move north. As per the Innovation Economy Council the COVID-19 pandemic has negatively impacted the Canadian economy, affecting three million jobs in the process. Occupations in the information and technology sector also took a hit when Canada went into lockdown to curb the spread of the virus. In fact, STEM jobs are even more abundant than they were before the COVID-19 pandemic.STEM-related employment across the country was 8.7 per cent higher in October than in February. Examples of these jobs include programmers, engineers and other tech workers.
Foreign companies are also tapping into the talent available in Canada. Since tech companies are realizing that employees can work from practically anywhere, many are creating opportunities for Canadians. This may explain why tech giants such as Google and Facebook have opened up shop in Canada over the last five years. Canada continues to build its reputation as a tech hub. For example, the software company Gatik opened up a research hub in Toronto, early last year, to attract the local talent available from Waterloo and the University of Toronto.