Canada's rich and vast natural resources have greatly
contributed to expanding its national economy. However, with the
surge in knowledge-based industries, innovations in key technology
sectors, and a dramatic rise in high-tech exports, Canada now
offers investors like you unlimited growth potential.
Average Annual Growth Rates of Foreign Direct
Investment
by Industry (%) 1990-2005 |
|
Industry
|
Average Annual Growth (%)
1990-2005
|
| Electrical & Electronic Products |
13.4
|
| Energy |
12.0
|
| Services & Retailing Industry |
11.3
|
| Communications |
10.6
|
| Finance & Insurance Industry |
10.1
|
| Transportation Equipment |
9.2
|
| Food, Beverage & Tobacco |
8.7
|
| Metallic Minerals & Metal Products |
8.5
|
| Machinery & Equipment |
8.0
|
| Chemical Products & Textiles |
8.0
|
| Construction & Related Activities |
6.2
|
| Wood & Paper Industry |
3.6
|
| Source: Statistics Canada, May
2006 |
Sowing the seeds for growth
If you dream of starting your own business, it is easier to
start a business in Canada than in any other G8 nation. With over
$465 billion of annual foreign direct investments, generous tax
incentives and flourishing R & D,
Canada offers the most favourable environment for making your
business vision come true.
Strategic relations with
the United States
As the fastest growing and most competitive member of the G8,
Canada benefits from
strong international ties to Europe, Asia and the United
States. Thanks to its strategic location and the signing of the
North American Free Trade Agreement (NAFTA), Canada gives business
people like you access to markets in the United States and Mexico
with a combined gross domestic product (GDP) of over US$11.4
trillion.
Opening the door to world
markets
Thanks to strategic locations on the west coast, a successful
Asian community, and the port of Vancouver, Canada has unique
access to Asia-Pacific markets which promise
long-term potential.
The Middle Eastern community in Canada is growing every year. To
help all Canadian companies who want to do business internationally
- including emerging Middle East markets - the
Canada Trade Commissioner Service has offices located in 12 cities
across the country, as well as 140 offices worldwide, to find new
markets abroad and identify key contacts.
Furthermore, the province of Québec is conveniently located near
the United States border, with the city of
Montréal a mere 90-minute drive from the beginning of major
U.S. markets. The Port of Montréal, as well as two international
airports, also ensure that merchandise can be quickly moved to
European markets.
Not only does Canada offer the ideal environment for starting or
investing in a new business, but it also offers the infrastructure
and location to help international business people create strong
relationships with major world markets.
Low labour costs
Canada's competitive position vis-à-vis the G8 has improved
substantially in the past 10 years as the skills and productivity
of Canadian workers have risen while labor costs have dropped. As a
result, Canada continues to record the lowest operating costs among
the world’s 11 major economies.