There’s a bit of a trend beginning to emerge in this province, one that’s worth watching closely as it could be one of those things we’ll look back on as a game changer.
But it’s only one big wave that is affecting our long-term economic and political well-being.
The first wave is the growth of the technology sector in our province. It has been expanding lately and capturing headlines for that success. But we have a long ways to go.
Just as the other big trend – that people, especially millennials – are drawn to big urban centres, so are technology firms.
A new report from TD Bank examined the industry in both Canada and the US. It showed that five Canadian cities are dominating the digital realm in this country. And none in Saskatchewan make the list as Toronto, Montreal, Vancouver, Calgary and Ottawa account for 70-percent of the high tech employment. In the US, the top ten cities only have half. So it’s much more concentrated in this country.
But recent developments on the venture capital front from new entrants such as Conexus Credit Union suggest we’re moving in the right direction.