Innovation reigns supreme in the Great White North

Canada has transformed itself into a Tech hub & its capital Toronto has become a growth engine for innovation and tech-related jobs in North America as evident from a recent survey by the CBRE group. As reported by Bloomberg, Toronto was the fastest-growing tech job market with 28,900 tech jobs created, 14% more than in 2016, for a total of more than 241,000 workers, up 52% over the past five years. The creation of such a vibrant & continuous tech community has been attributed to the availability of the right pool of talent, diversity, education and tech-friendly environment.

No wonders when the Blockchain/Crypto movement gathered steam in 2017, relatively cheap & reliable electricity with the combination of cold temperatures made Canada one of the favorite places for Bitcoin miners. Toronto’s Hut Eight proclaiming itself to be Canada’s largest miner; operates one such facility in Drumheller of Alberta Province. Similar facilities have cropped up in other Canadian Provinces of Quebec, Manitoba & British Columbia. The Canadian city of Calgary in the Province of Alberta recently also launched its own ‘Calgary Digital Dollar,’ which is a digitized version of the local currency which was introduced back in 1996.