Canadian Business Opportunity
When a country has as much to offer as Canada, it is easy to see why hundreds of foreign direct investors have invested billions of dollars in plants and operations here. For investors, Canada boasts multiple advantages and unparalleled potential — a place where businesses can achieve excellence at the global scale.
Canada’s World-Class Economy
One of the World’s Most Advanced and Dynamic Economies
World’s ninth largest consumer market—At US$1.57 trillion, in 2010 Canada was the world’s ninth largest economy as measured by Gross Domestic Product (GDP) at market exchange rates. Canada’s economy is larger than Russia, India or South Korea and rivals leading destinations of foreign direct investments.
Source: International Monetary Fund. World Economic Outlook Database. April 2011.
Fastest growing economy in the G-7
Canada offers foreign direct investors growth prospects unparalleled among advanced economies. Canada’s economic growth has outperformed the rest of the G-7 from 2001 to 2010. This is the result of Canadian fiscal policies built upon low corporate taxes, prudent fiscal management and financial regulation.
As the table below shows, the International Monetary Fund reports that, on average, Canada is poised to grow faster than other G-7 economies in 2011 and 2012 period.
Table updated with the World Economic Outlook Database April 2011 and the World Economic Outlook June 2011.
Unmatched Investment Climate for Foreign Investors
The Best Place to Do Business over the Next Five Years, says the EIU
World’s eighth-largest recipient of FDI inflows between 2001 and 2010—The amount of investment coming to Canada demonstrates foreign investors’ confidence in the Canadian economy. The stock of foreign direct investment (FDI) in Canada stood at $561.6 billion at year-end 2010 – a level that has more than doubled in just over a decade. Canada was the world’s eighth-largest recipient of FDI inflows between 2001 and 2010, attracting about US$36 billion a year over this period, or approximately US$1,060 per capita per year.
An Educated, Diverse and Vibrant Workforce
Workforce with the Skills and Motivation Needed to Achieve Excellence
The best educational system in the G-7—Investing in its people is a core Canadian value. Canada’s diverse workforce is highly educated and it is well suited for today’s knowledge-based economy. Canada receives outstanding rankings for the quality of its education system. The World Economic Forum has ranked the quality of Canada’s educational system as the best among G-7 countries and No. 5 in the world.
Source: The World Economic Forum, Global Competitiveness Report 2010-2011.
Post-secondary education produces top-quality workers—Canada’s world-class post-secondary institutions produce skilled workers that are critical to a knowledge economy and that have the education and creativity needed to innovate. Half of working-age Canadians have attained post-secondary education, the second highest level among OECD countries.
Strategic Business Location
World-Class Transportation Infrastructure with Geographical Advantages
A significant part of global supply chains—Canada is a significant part of global supply chains, and increasingly, many third-party logistics (3PL) and distribution companies are establishing operations in Canada.
Canada’s major international ports—Halifax, Montréal, Prince Rupert and Vancouver—connect North America with the fast-growing Asia Pacific and European markets. Canada also shares time zones with North and Latin American countries, enabling efficient communication within the Americas and integration with parent operations in Asia or Europe.
Advanced Research and Development Capability
On the Frontiers of Knowledge in every field of Human Endeavour
Winning environment for research and innovation—Driving Canada’s excellence in research and development is a Made-in-Canada innovation model where basic research is integrated with business applications.
This model has resulted in lower research costs and an accelerated go-to-market strategy for foreign investors coming to Canada. As a result, Canada has experienced a significant increase in research and development spending. Total expenditures on research and development amounted to $29.2 billion in 2010, a 42 percent increase over 2000.