Salesforce investing $2 bln in Canada, as U.S. tech firms head north: Reuters
U.S. business software developer Salesforce.com Inc will pump US$2 billion ($2.5 billion) into its Canadian business over the next five years, it said this week, the latest major U.S. technology investment across the border since early 2017, Reuters reported. Toronto is a hub for artificial intelligence research and Canadian Prime Minister Justin Trudeau is visiting California this week in part to speak with U.S. technology chief executives. Canadian leaders have promoted their country’s immigration policies as an alternative to the U.S. administration’s ban on travellers from some Muslim countries and restrictions on work permits for some foreigners. “You want the best minds wherever they are,” said Mike McDerment, chief executive of FreshBooks, a Toronto company that develops accounting software.
