Amazon Web Services (AWS), the cloud business of e-commerce giant Amazon.com Inc., has announced the launch of a new infrastructure region in Western Canada. This move is part of AWS’s plan to invest over $17.9 billion in Canada by 2037. Not only will this investment provide a significant boost to the Canadian economy, but it is also expected to create more than 9,300 full-time jobs annually.
The new AWS Canada West (Calgary) Region is projected to support over 1,300 jobs alone. This expansion marks a significant milestone for AWS, allowing customers and partners across Canada to access improved infrastructure with enhanced resilience, availability, and lower latency. Moreover, this development opens up vast opportunities for innovation, such as leveraging advanced technologies like artificial intelligence, to further drive economic growth nationwide.
Amazon’s stock experienced a slight decline of 0.4% during premarket trading following this announcement. However, it’s worth noting that the stock had already reached a 20-month high and only dropped 0.2% the previous day. The success of AWS has been reflected in the soaring stock, which has surged by an impressive 83.1% year to date. If this trend continues, it will mark the company’s biggest yearly gain since its remarkable 117.8% increase back in 2015. In comparison, the S&P 500 has achieved a gain of 24.2% throughout this year.
