Work & Industry in Waterloo
The Waterloo Region has one of the highest average standards of living in Canada. The Waterloo Region is known as Canada's Technology Triangle, has a strong economy and one of the lowest unemployment rates in Ontario.
According to the City of Waterloo, the city was recognized in 2007 as the 'World's Top Intelligent Community, due to a knowledge economy that is globally recognized, with over 500 tech firms located in the Waterloo Region such as Research in Motion (RIM), Open Text, DALSA, Google, IBM, McAfee, Descartes Systems, Sybase Inc., Raytheon, and Conestoga Rovers.
The knowledge economy in Waterloo is further strengthened by the relationship between the Perimeter Institute for Theoretical Physics, the Centre of International Governance Innovation, and the University of Waterloo Research and Technology Park.
Other major employers (1,000+ employees) in Waterloo are the University of Waterloo, Sun Life Financial, Manulife Financial and the Wilfred Laurier University.