Thomson Reuters announced today a major expansion of its Canadian operation with a plan to build a technology hub that will add 400 high-tech jobs in downtown Toronto over the next two years.
The plans for the company’s new Toronto Technology Centre will increase its Canadian head count by a third and the company expects to add 1,500 jobs in the longer term.
“Today’s news is an example of how great things can happen when the public and private spheres work together – for the betterment of Canadian workers, and Canadian families,” said Canadian Prime Minister Justin Trudeau.
“Canada is not only our home, it is home to an emerging ecosystem of world-class technology talent,” said Jim Smith, president and chief executive officer of Thomson Reuters.
“Our new Technology Centre furthers our commitment to growing Canada’s preeminent hub of innovation, and to building the customer-centric platforms and solutions of the future. We applaud the Canadian federal, provincial and municipal governments for making jobs, innovation and the knowledge economy a top priority and look forward to our role in supporting these initiatives.”
Just last week Thomson Reuters and the University of Waterloo joined forces with a collaboration valued at over $20 million to establish the Thomson Reuters-funded Research Chair in Data Cleaning from Theory to Practice.
Thomson Reuters has developers in 43 countries, but only five large hubs, stretching from Bangalore to Dallas. Toronto will be its sixth.