After raising substantial financing in 2022, things went south for Koho. That year, Koho was recognized by Team True North, representing fintechs as one of Canada’s most promising growth companies. But 2023 saw layoffs and a lack of profitability. Resilience has been a crucial component of any company that has endured the global market turbulence of the past […]
Future Talent Research Institute Launches to Prepare Canada for Tomorrow’s Tech Economy
International Business University this week announced the launch of its Future Talent Research Institute. The new institute is an initiative designed to study and meet the evolving demands of Ontario’s workforce and contribute to Canada’s broader economic future, according to a statement from IBU. IBU’s Future Talent Research Institute is dedicated to understanding labour market […]
Government Renews VCCI with $200M Following Creation of 20,000 Jobs
Canada ranks top five in terms of venture capital investment as a percentage of GDP, according to the Organization for Economic Co-operation and Development. The federal government recently emphasized the impact that it has had on Canada’s VC ecosystem, including on job creation. Since 2016, the federal government has invested over $800 million to support […]
Compensation Cools in Canadian Tech, But Opportunities for Talent Still Remain
A cooling compensation market is currently the prevailing wind in Canada’s tech talent market, finds this year’s Tech Sector Salary report. The 2024 report, conducted by TAP Network and produced by Mercer, showed a median salary increase of less than 4%, a marked decline from 2023’s median increase of nearly 8%. Voluntary turnover also declined […]
Investment Spurs 600 ‘Highly Skilled’ Roles with $15M into Canadian A.I.
Canada’s federal government says it is committed to driving ethical and responsible development and adoption of AI across the nation’s economy and society. At this year’s ALL IN event, minister François-Philippe Champagne announced $15 million through the Strategic Investment Fund to support Canada’s Coveo Solutions. Coveo’s search and recommendations cloud platform connects an enterprise’s data […]
A Few Tech Talent Trends in Canada We’re Noticing This Fall
Autumn approaches. Can you smell the pumpkin spice? As leaves turn from green to red, and our wardrobes from tees to flannels, let us take a bird’s eye view of the current trends impacting Canadian tech talent. A Slowdown in Talent Growth… Tech talent growth slowed last year in Canada, where jobs are increasing at […]
PwC, AWS Launch ‘Jump Start Your Career’ for Tech Students in Canada
PwC Canada, alongside Amazon Web Services, this week announced the launch of their “Jump Start Your Career” program. The Jump Start program is a new initiative aimed at empowering the next generation of Canadian cloud engineering professionals, according to a statement from PwC. “At PwC Canada, we’re committed to investing in the future of Canadian […]
Tech Talent Concerns Threaten Sector Growth as Cost of Living Climbs
There is currently a “remarkable expansion within the technology sector” of British Columbia, suggests a new report from Invest Vancouver, that is “driving economic development in the Metro Vancouver region.” Invest Vancouver takes this position in its “Metro Vancouver Region’s High-tech Engine” report based on the fact that “employment in multiple technology industries is outpacing […]
A.I. Employment Rises in Canada as Overall Tech Talent Growth Slows
Tech talent growth slowed last year in Canada, where jobs are increasing at less than half of the rate of the US, a new report has found. Tech talent employment grew in the US by nearly 4%, or over 200,000 jobs, in 2023. In Canada, meanwhile, 18,000 new positions represented a growth rate of less […]
Canada Advances ‘CanCode’ Program to Upskill Nation’s Tech Talent of Tomorrow
As artificial intelligence continues to influence the trajectory of the job market and our way of working, there is an increasing need for all Canadians to access training in digital skills, the federal government believes. That is why the Government of Canada is investing $39 million toward teaching digital skills to young Canadians—and their teachers—to […]