Tata Consultancy Services (TCS) is promising to hire 5,000 staff in Canada over the next five years. The Mumbai-headquartered firm’s buildout comes even as other tech giants scale back expansions here. Here’s what you need to know: 

The new space: TCS has opened a new research and innovation centre—its fifth globally—that will occupy 16,000 sq. ft. on Toronto’s University Ave. “This is an opportune time for us to invest and expand in Canada,” country head Soumen Roy told The Logic Tuesday, citing the growth in the company’s clientele here, the availability of workers  as well as startups and universities with which it can work.