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A comment on Alphabet’s Sidewalk Labs Eyes Toronto for Its Digital City. Parent comment

Re:Alphabet’s Sidewalk Labs Eyes Toronto for Its Digital City by tormeh on Wednesday May 10, 2017 @02:54AM (#14306356)
>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.

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Re:Alphabet’s Sidewalk Labs Eyes Toronto for Its Digital City by paulgb on Wednesday May 10, 2017 @10:27AM (#14308425)
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.
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Re:Alphabet’s Sidewalk Labs Eyes Toronto for Its Digital City by snrplfth on Wednesday May 10, 2017 @11:39AM (#14308998)
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!
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Re:Alphabet’s Sidewalk Labs Eyes Toronto for Its Digital City by bigmanwalter on Wednesday May 10, 2017 @07:48AM (#14307461)
In this case it isn't though. Canadian engineers make less than American engineers
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Re:Alphabet’s Sidewalk Labs Eyes Toronto for Its Digital City by walshemj on Wednesday May 10, 2017 @09:49AM (#14308120)
Exactly its why London is popular UK Engineers are cheap speak English natively and are used to being treated like second class profesionals.
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Re:Alphabet’s Sidewalk Labs Eyes Toronto for Its Digital City by matthewrudy on Wednesday May 10, 2017 @11:00AM (#14308697)
20% cheaper since last June too.
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Re:Alphabet’s Sidewalk Labs Eyes Toronto for Its Digital City by matthewrudy on Wednesday May 10, 2017 @11:00AM (#14308694)
The point that's being made is that the currency exchange rate and the cost of an engineer (converted to USD) are independent.
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