Canadian Prime Minister Justin Trudeau, Jim Smith, president and chief executive officer of Thomson Reuters, Toronto Mayor John Tory, Ontario Premier Kathleen Wynne.

Province's Innovation Economy Attracts New Investment from Thomson Reuters

Ontario's highly skilled workforce, culture of innovation and competitive business climate have helped the province secure a landmark investment from Thomson Reuters.

Premier Kathleen Wynne joined federal and municipal partners and officials from Thomson Reuters to announce an expansion that is expected to create 400 high-quality technology jobs in the next two years and approximately 1,500 jobs in the future.

The company's new Toronto Technology Centre will promote innovation and enhance the services it offers to professional markets around the world. President and CEO Jim Smith and Chief Financial Officer Stephane Bello will relocate to Toronto in 2017.

Thomson Reuters chose Ontario because of the province's diverse pool of highly skilled and talented workers, applauding all orders of government for their commitment to jobs, innovation and the knowledge economy. From expanding access to college and university education, to supporting startups, incubators and entrepreneurs, to partnering with educators and employers to build tomorrow's talent, Ontario will continue to invest in the highly skilled workforce that is a draw for companies from around the world.

Thomson Reuters is one of several international companies making major investments in Ontario. Other companies that have chosen Ontario on the basis of the province's strengths in innovation, labour talent and dynamic business environment include Google; Slack, a technology company based in San Francisco; and Paytm Labs, India's leading mobile Internet company.

Quick Facts

  • Ontario has one of the best-educated talent pools in the world. In 2015, 67 per cent of adults had completed postsecondary education, making Ontario's level of education among the highest in OECD countries.
  • The province's 44 universities and colleges produce more than 39,600 skilled graduates in science, technology, engineering and mathematics each year.

Quotes

With this announcement, Ontario's greatest strengths are on full display: a diverse and highly skilled workforce, a culture of innovation and a dynamic business climate. Our economic plan will continue to make Ontario a more competitive and rewarding place for companies to do business, because creating jobs and opportunities for people across the province is my top priority.

– Kathleen Wynne, Premier of Ontario

Canada is not only our home, it is home to an emerging ecosystem of world-class technology talent. 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.

– Jim Smith, President and CEO, Thomson Reuters

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