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Originally Posted by niwell
Ehhhh I know people who do hiring at various companies in the financial, tech and legal sectors and there isn't really an issue attracting young talent in Toronto. These areas pay well even with cost increases and Toronto is generally where you want to be if you want to advance your career, at least in Anglo Canada. The big issue arises for those in more middle-income professional careers that decide to have a family, and of course those in the service sector. Tale of two cities thing I've brought up many times.
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Toronto's competitors are not other Canadian cities, it's the world's pre-eminent tech and financial hubs like Silicon Valley, NYC, London, Singapore, Dublin, Sydney etc. In this respect Toronto is clearly struggling, because the tech giants aren't building their A-Teams in Toronto, and Toronto has failed to build any momentum in global finance post-Brexit, even though NYC keeps gunning ahead.
In tech, the cream of the cream of Waterloo IT graduates are still relocating permanently to Silicon Valley and Seattle for co-op and/or post-graduation, and the wave of returnees have died off completely after a short spurt in the mid-2010s.