Note To World: Canada Is Open For Business And More Investment

Note To World: Canada Is Open For Business And More Investment

For those of us in the business of attracting more international investment to Canada, it's been a watershed week that offers a sharp contrast to the protectionist rhetoric now in vogue in several countries.

First, we've let the world know we're wide open for business, as evidenced by the signing of the Comprehensive Economic and Trade Agreement (CETA) in Brussels at the start of week. CETA signals that Canada is moving toward creating the largest trading and investment block in the world.

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Yes President Obama, the World Does Need More Canada

Yes President Obama, the World Does Need More Canada

President Obama ended his address to Canada’s Parliament on June 29 with the words “The world needs more Canada.” At this point in time, those words are very true. 

The U.S. election campaign has had both parties’ candidates talking about protectionism over globalization. There is talk of building walls, renegotiating trade deals and punishing U.S. companies that import foreign goods and services. 

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Building Globally Competitive Canadian Cities

Building Globally Competitive Canadian Cities

Through concerted collaboration executed in a spirit of co-opetition, over the last three years 11 Canadian cities have executed seven joint Foreign Direct Investment (FDI) missions with the Federal government to 12 countries. These missions have resulted in 1,706 B2B meetings, 855 leads and 59 company visits. At an event last month hosted by the Toronto Region Board of Trade and attended by representatives of Chambers of Commerce and municipal economic development leaders from Canada's largest cities, attendees learned more about how to improve these numbers and accelerate leads to investment success.

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Cities Hold the Key to Strengthening Canada’s Economy

Cities Hold the Key to Strengthening Canada’s Economy

From Beijing to Milan to Sao Paulo, The most common phrase I hear from foreign investors about the Canadian economy is “I never knew!” I remember being at a dinner and sitting beside the then new U.S. Ambassador Bruce Heyman discussing his first impressions of Canada.  The man in charge of our country’s largest trading relationship remarked that he found Canada offered a surprisingly strong value proposition for investment. His advice to me was simple. Get out there and tell the story!

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Talent and Competitive Costs, Canada’s Winning Combination for Investment

Talent and Competitive Costs, Canada’s Winning Combination for Investment

In late March, KPMG released its 2016 Competitiveness Alternatives report. Canada retained its position as having the lowest comparative business costs amongst the mature economies, with an overall cost index 14.6% below that of the United States, the baseline country. In addition, once again, Canada moves to the front, consistently leading the OECD countries in the percentage of its population having achieved post-secondary education.

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