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Salaries of Software developers is Rising Fast in Toronto, Canada

27Mar By AdityaNo Comments

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Salaries of Software developers is Rising Fast in Toronto, Canada

Touted as one of the top tech cities in Canada, Toronto is a booming tech hub that accounts for over 40 percent of tech-related workers in Canada. A Wall Street Journal report said that compensation for software developers outside of the United States and Silicon Valley are increasing fast. This hike in salary is a result of tech company expansions outside the area, which are causing a bidding war in terms of wages for software developers. Since 2018, there has been a steady rise in software developer salary rates. And because of Canada’s booming tech industry, this rate is bound to go even higher in the coming years. Many foreign tech companies are exploring Toronto and other tech hubs in Canada, and are finding value in their money. Salaries in such areas cost half of the pay workers...

Tech Mahindra to set up Centre of Excellence in Toronto; Invests C$100 Mn

The Indian Multinational provider of IT, Tech Mahindra said that it would invest 100 million Canadian dollar over five years to set up a centre of excellence in artificial intelligence (AI) and block-chain. The news comes in light when the Prime Minister of Canada Justin Trudeau is visiting India with his family to promote enhanced bilateral collaboration between India and Canada. The company said that the investment is planned to focus on emerging technologies that are making innovations in industries. It further will serve to smart cities projects and fintech companies. Previously, Tech Mahindra had invested in startups working under the domain of automation, internet-of-things and artificial intelligence. The centre of excellence which will be set up in Toronto, would develop b...

Lyft Raises Additional $500M On Top Of $1B

Uber's hard core rival Lyft is seeking an additional cherry on top funding of $500 million, over and above $1 billion it raised in a round led by Alphabet's venture arm CapitalG last month. This has raised the bar of its valuation to $11.5 billion in comparison to previous $7.5 billion. The funding is not yet been closed and this $500 million is an extension of its previous round. This funding will be utilized to develop its passenger and driver products, the company told the source- Axios. The funding comes at a critical point where it is trying to expand outside U.S., with a launch scheduled in December in Toronto and Hamilton in Canada. Lyft has been focusing on its growth this year, aiming to cover 95% of the US population with more than a hundred new market additions. ...