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Twin city of Kitchener, Waterloo is the 47th most populous city in Canada with more than 120,000 inhabitants. Two of Canada's leading universities are based here: The University of Waterloo and Wilfrid Laurier University.
The very good results of the University of Waterloo have contributed to the establishment of several leading companies in the field of engineering sciences.
Waterloo has a strong knowledge-based and service-based economy, with large insurance sectors and therefore the technology sector with hundreds of high-tech companies.
The largest employers in the city are Sun Life Financial, University of Waterloo, Manulife Financial, Sandvine and Wilfrid Laurier University. Notable tech companies include: Aeryon Labs, Dalsa, Descartes Systems Group, Maplesoft, MKS Inc., ON Semiconductor, OpenText Corporation, and Vidyard.
Other companies have set up their research and development centers there: Shopify, SAP, Google, Oracle, Intel, McAfee, NCR Corporation, Electronic Arts and Agfa.
The city is part of Canada's Technology Triangle (CTT), a joint economic development initiative of Waterloo, Kitchener, Cambridge, and the Region of Waterloo that markets the region internationally. CTT promotes technological industries, but also all aspects of economic development.
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