Tech sector could benefit from Trump ‘brain drain’
MONTREAL — Nervousness in Silicon Valley about Donald Trump’s election could give Canada’s technology sector a competitive edge if new labour restrictions ratchet up the war for high-skilled talent, say industry experts.
In an open letter sent during the campaign, senior executives at some of America’s top tech companies called Trump “a disaster for innovation.”
They expressed concerns about the president-elect’s trade proposals and anti-immigration stance which some fear could result in visa restrictions that would make it harder and costlier for them to hire foreign IT workers.
Each year, tens of thousands of foreigners with specialized skills, such as coders, are granted temporary H-1B visas to work in the United States.
While the industry has sought increased numbers of visas, Trump has offered mixed signals as he seeks to protect domestic employment.
Meanwhile, the Trudeau government is changing its immigrationselection system as of Saturday to make it easier for international students and some high-skilled foreign workers to become permanent residents.
Together, these changes could increase Canada’s drawing power for those no longer able or willing to enter the U.S., said Patrick Hopf, president of Montreal-based SourceKnowledge, a firm that builds technology to track the success of advertising works for digital videos.
“You might see a seismic shift in technology in Canada,” he said.
Trump’s unexpected victory has prompted some disenchanted U.S. technology sector workers to consider heading north.
Hopf said he received a few such applications in the days since the election.
Hootsuite founder Ryan Holmes said he’s fielded calls from five people in the U.S. looking to move to Vancouver.
“Is this the reversal of the talent diaspora that Canada has historically seen and beginning of the U.S. brain drain?” he posted on Twitter.