Thomson Reuters to open technology centre in Toronto

Thomson Reuters, the leading source of news and information for professional markets, has announced the setting up of a new technology centre in Toronto, which is expected to create 400 high-quality technology jobs in Canada over the next two years, with plans to grow to approximately 1,500 jobs over time.

Thomson Reuters currently has 1,200 employees based in Canada. With the setting up of the Toronto Technology Centre, it will be able to co-locate technology talent to drive productivity, increase flexibility and encourage cross-enterprise innovation. Jim Smith, president and chief executive officer of Thomson Reuters, and Chief Financial Officer Stephane Bello will be relocating to Toronto in 2017. Additional management roles will be relocated and recruited locally in Toronto over the next few years.

"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”, said  Smith.

To be initially located in Bremner Tower, the Toronto Technology Centre will focus on emerging skills such as cognitive computing, visualization, user experience and cloud development. Initial hiring, which will start in the coming weeks, will focus on skills related to the company's cognitive computing initiatives as well as core development.

"Today's news is an example of how great things can happen when the public and private spheres work together – for the betterment of Canadian workers, and Canadian families," said Canadian Prime Minister Justin Trudeau.