Salesforce invests $2 billion into its Canadian business

by Antonio Miles February 10, 2018, 6:25
Salesforce invests $2 billion into its Canadian business

However, since Donald Trump took over that particular method has been mostly shut down.

According to prepared remarks, Trudeau says that the agreement has been an asset for Canadians and Americans, bringing prosperity with trade.

But he also acknowledged that global trade is not working for everyone and said income inequality is growing worldwide.

And he agrees with Trump that too many people have been left behind, and more needs to be done to share the benefits.

Trump called it a "disaster" on the campaign trail. Jerry Brown and Lt. Gov. Gavin Newsom, both Democrats.

Trudeau said his government would continue to fast-track visas for skilled workers in the tech sector, because those companies want to bring more global talent to North America.

A Canadian program allows businesses to get work permits for foreign workers in about two weeks.

Later Friday, Trudeau will deliver an address at the Ronald Reagan Presidential Library.

Canadian Prime Minister Justin Trudeau is visiting San Francisco with two agendas. Mr. Benioff announced Salesforce would invest an additional US$2-billion in Canada over the next five years, money that will be spread out over investments in real estate, data centre capacity and new hiring to add to the company's existing Canadian work force of 1,300.

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Celebrity politicians were the order of the day as Canadian Prime Minister Justin Trudeau met separately with California Gov.

The environment is also likely to be on the agenda, along with economic development.

Canadian leaders have promoted their country's immigration policies as an alternative to the Trump administration's ban on travelers from some Muslim countries and restrictions on work permits for some foreigners.

Trudeau's stop in San Francisco highlighted the already strong ties between Canada and California, particularly in research, academia and technology. Mr. Trudeau will be meeting with Amazon's Jeff Bezos, as well as executives from Salesforce, AppDirect and eBay, encouraging them to open up shop in Canada instead of poaching the country's talent.

Benioff says in a statement that Canada is one of the most exciting investment opportunities for the company.

"We're going to continue to make an argument that it's not enough to just trade, we have to ensure that the benefits of trade are properly and fairly shared", he said.

Canadian Prime Minister Justin Trudeau says the North American Free Trade Agreement has been good for the USA and his country, but he also wants to see it updated to lift those who are struggling despite surging economies.

The location of the speech carried symbolic weight, alluding to the longstanding trade relationship between the USA and Canada.

Several technology entrepreneurs in Canada said the University of Toronto in particular was a draw, thanks to its research in machine learning and other artificial intelligence, and that businesses also could be certain they could hire anyone they wanted, given immigration policy.


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