Thomson Reuters boosts presence in Toronto, Waterloo

New York City-headquartered Thomson Reuters is reasserting its Canadian roots with investments at either end of the Toronto-Waterloo Region Corridor. Highlighted by the creation of a Toronto Technology Centre (TTC) and a multifaceted sponsorship of research at the Univ of Waterloo, the TTC is seen as an acknowledgement of the rich base of technology talent in the region — particularly fintech — and the presence of early-stage incubators which serve as a conduit to access that talent. Thomson Reuters plans to add 400 tech positions to its 1,200-strong Canadian workforce, growing to 1,500. The firm's president/CEO and CFO will relocate from New York to Toronto. The centre is the company's sixth global hub and will focus initially on cognitive computing, visualization, user experience and cloud computing. At the Univ of Waterloo, Thomson Reuters is funding a Research Chair in Data Cleaning from Theory to Practice and providing a gift-in-kind of Eikon desktops for consuming real-time and historical data. The package is valued at $20 million. Prime minister Justin Trudeau helped to convince Thomson Reuters of Canada's value proposition after two meetings with the firm's president earlier this year….