[win_ini]

"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]

>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.

[paulgb]

Yes, 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]

Forget about the Loonie, look at the yen - one US Dollar is worth an incredible 114 yen! Quick everybody, throw all your investment at Japan!

[bigmanwalter]

In this case it isn't though. Canadian engineers make less than American engineers

[walshemj]

Exactly its why London is popular UK Engineers are cheap speak English natively and are used to being treated like second class profesionals.

[matthewrudy]

20% cheaper since last June too.

[matthewrudy]

The point that's being made is that the currency exchange rate and the cost of an engineer (converted to USD) are independent.

[goatforce5]

That 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-ne...

One of the local TV stations used it in their station IDs for a while, which I thought was hilarious.