Waterloo, Ontario Overview Thanks to its diverse economic development, Waterloo has become one of Canada's biggest ...
Waterloo, Ontario Overview
Thanks to its diverse economic development, Waterloo has become one of Canada's biggest success stories. The city boasts a unique ecosystem that has established it as a centre of entrepreneurship and growth that not only stands out in Ontario, but also the nation.
Waterloo is known globally for its technology expertise. It was here that the BlackBerry was invented, and it is here that more than 1,000 start-ups have launched since 2009. The city is also renowned as the biggest independent provider of enterprise content management (ECM) in the world. Over the past five years, Waterloo has experienced C$500 million in new industrial expansion and construction across the city, which includes names like Fischer Canada, Kraus Carpets, and Aeryon Labs.
With progressive solutions and new approaches to economic challenges, Waterloo has cemented its place not only as a leading location in Canada, but also as a strong economic base on a global scale.
Waterloo Job Opportunities
In addition to its emphasis on technology and entrepreneurship, Waterloo has a strong service-based economy. The city is also part of Canada's Technology Triangle, which denotes a joint economic development initiative between Waterloo, Cambridge and Kitchener that promotes all aspects of economic development.
Waterloo's largest employers include Sun Life Financial, the University of Waterloo and BlackBerry. Other notable tech companies include Open Text Corporation, Kik Messenger and Maplesoft, just to name a few. This means that job openings are readily available in IT, management, advertising, finance and engineering.
Waterloo Employment Trends
The Waterloo area is expected to gain economic momentum over the next few years thanks to business investments and exports. Due to varied performances in other sectors, however, the economy is expected to remain steady overall. Job prospects are still much better compared to other areas of Ontario, making it an attractive choice for job seekers looking to relocate.