Toronto can teach aspiring tech hubs some lessons – Reuters

People ice skate on a public rink at Nathan Phillips Square in Toronto, Ontario, Canada. REUTERS/Carlos Osorio

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TORONTO, May 9 (Reuters Breakingviews) – Toronto has some lessons for would-be technology hubs. Favorable immigration rules and cheaper labor costs are among the factors that lured Silicon Valley tech behemoths to the Canadian city. Search engine Google (GOOGL.O) has doubled its employee base in Canada to more than 3,000 full-time staff in two years, while Facebook owner Meta Platforms (FB.O)announced in March it was creating a Toronto engineering hub and up to 2,500 jobs in the country over several years. While some advantages might fade, that may not matter for now.

Canada’s most populous city lacks the…

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