"Toronto is benefiting from Canada’s fast-track visa program and a universal health-care system that lowers companies’ costs of providing employee benefits."pic.twitter.com/JOOK38NMRz
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I guess my point is Toronto is benefitting from all the above plus weak CAD.
Tech industry is so big, I wonder if it and a move up north alone could swing that balance in favor of CAD. Can US companies sell enough USD and buy CAD salaries to swing the balance?
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According to a quick google search SVs gdp is 300B usd, canada 1.6, so i think it's concievable. If 10% relocates that'd show probably.
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I'm not sure if those are the right stats to look at. Alphabet's SGA (proxy for salaries in SV) to revenue was about 17%. US-Canada trade (imports + exports) is 545 billion (US). 17% of SVs GDP is 51 billion. If 10% relocates, only 5 Billion?
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