/// Cisco to Spend $4 Billion to Create 1,700 Jobs in Canada
The love affair between Cisco Systems and the nation of Canada got a little more serious today: They’re now going steady. The networking giant announced plans to spend $4 billion over 10 years to boost the company’s operations in the Province of Ontario to 5,000 people by 2024, which would amount to an increase of about 1,700 jobs from current levels. Cisco CEO John Chambers has been wooing Canada for about a year now. Last year, Chambers couldn’t stop gushing about how Canadian policymakers have made the region “the easiest place in the world to do business,” and that the U.S. could learn a thing or two from them. It’s all part and parcel of Chambers’s long argument with the U.S. over the corporate tax rate. Cisco had about $48.2 billion in cash and short-term investments on its balance sheet as of the quarter ended Oct. 26. Chambers has long been a vocal critic of a U.S.
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Cisco to Spend $4 Billion to Create 1,700 Jobs in Canada