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"Toronto is like New York, but without all the 'stuff'" - Steve Martin, SNL. Toronto has grown up a lot in the pst few years. The canadian dollar is about 20%
by win_ini 9y ago
"Toronto is like New York, but without all the 'stuff'" - Steve Martin, SNL.
Toronto has grown up a lot in the pst few years. The canadian dollar is about 20% less than USD, so VC dollars go further - and while competitive, hiring engineers is nothing like the bay. That said, there is a shallow pool of senior SaaS startup folks in Toronto compared to SF or New York.
- tormeh 9y ago>The canadian dollar is about 20% less than USD, so VC dollars go further How expensive a nation is and the exchange rate of its currency is independent.
- bigmanwalter 9y agoIn this case it isn't though. Canadian engineers make less than American engineers
- walshemj 9y agoExactly its why London is popular UK Engineers are cheap speak English natively and are used to being treated like second class profesionals.
- matthewrudy 9y ago20% cheaper since last June too.
- matthewrudy 9y agoThe point that's being made is that the currency exchange rate and the cost of an engineer (converted to USD) are independent.
- paulgb 9y agoYes, this fallacy always bothers me. The Canadian Toonie trades strongly against the US dollar; using the half-Toonie as a benchmark is an arbitrary choice.
- snrplfth 9y agoForget about the Loonie, look at the yen - one US Dollar is worth an incredible 114 yen! Quick everybody, throw all your investment at Japan!
- goatforce5 9y agoThat quote was from 30 Rock, when Steve Martin's character was trying to convince Liz Lemon to move to Toronto. http://www.hark.com/clips/ssxbqzctpx-toronto-is-just-like-new-york http://www.hark.com/clips/ssxbqzctpx-toronto-is-just-like-ne... One of the local TV stations used it in their station IDs for a while, which I thought was hilarious.