U.S. Hands Canada an Opening in Tech

Canada ought to have a world-beating technology industry. The country has arguably the best system for admitting high-skilled immigrants. As a rich country, Canada has plenty of capital to direct toward building tech companies. The legal environment for venture capital and startups is very similar to that of the U.S., and taxes are not much higher. With its proximity to the U.S., its English proficiency, and its cultural ties to both Europe and Asia, it should have little problem selling into the biggest markets. And its educational system is one of the world’s highest-ranked:

Canadian cities such as Toronto and Vancouver would make great tech hubs. They’re beautiful, safe and fun -- just the kind of place that young educated workers should enjoy living in. And even after recent rent increases, they’re more affordable than San Francisco, Los Angeles or New York.