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Waterloo Region's tech sector may benefit from Trump win

Last Updated Nov 9, 2016 at 6:22 am EDT

About 200 people watched the results come in Tuesday night at CIGI in Waterloo. Photo - Jeff Pickel - 570 News

In Waterloo Region, many people are stunned by Donald Trump’s victory, and naturally there are concerns about how it will impact local businesses.

But, an expert at CIGI in Waterloo says Trump becoming the 45th U.S. President could benefit the local tech sector.

Trump’s stance on immigration and foreign workers could help Canada win those sought after highly skilled employees.

“You’re a place like Kitchener-Waterloo and you’re in de facto competition with you know, San Francisco Bay area for talent and what not. This is the sort of thing, where you can really emphasize Canada’s strengths.” said Simon Palamar, a research fellow at CIGI.

However, Palamar is concerned about the manufacturing industry, companies like Toyota in Cambridge and Linamar in Guelph, which rely on a free flowing border to the U.S. and Mexico.

He adds he could see difficulties if Trump dismantles the North American Free Trade Agreement as he has stated.

Around 200 people watched the results come in at CIGI on Tuesday night.