Canada is a country of world-class entrepreneurs and innovators, with a wealth of opportunity. If you are looking to invest in a great place for potential growth, there is no need to look beyond Canadian borders..
Invest in Canada, a bureau of the Department of Foreign Affairs and International Trade, says that Canada has the best education system among the G7 nations and the most highly educated population; this country also attracts the best and brightest from every corner of the globe due to its business-friendly immigration policies. According to the 2009 International Institute for Management Development (IMD) World Competitiveness Yearbook, more than half of Canadians aged 25 to 35 have a post-secondary education, which makes Canada number one in higher education achievement among the Organisation for Economic Co-operation and Development (OECD)’s member nations. In business education, Canadian schools excel by any measure. The IMD ranks Canada first in the G7 for its management schools. In BusinessWeek magazine’s 2008 MBA survey, three Canadian business schools finished among the top 10 outside the United States: Queen’s University (first), the University of Western Ontario (fourth), and the University of Toronto (eighth). And according to the Financial Times’ Global MBA rankings for 2009, five Canadian management schools rank among the top 100 worldwide.
Canada also understands the importance of its business community and has created an environment for its success. Canada leads all G7 countries in ease of doing business according to the 2009 IMD World Competitiveness Yearbook. A maritime nation, Canada has exceptional access to Asia-Pacific as well as Atlantic markets. With its advantageous geographical location, strong immigration links and membership in the Asia-Pacific Economic Cooperation (APEC) which reduces trade barriers, Canada is well-positioned to capitalize on the long-term growth potential of Asian economies. Moreover, Canada ranks fourth in a 66-country review of information technology (IT) firms.
Regarding Canada’s economic advantages, Charles Kramer (Division chief, western hemisphere department, International Monetary Fund) in March 2009 stated that Canada was better prepared than many other countries “to weather the global financial turbulence and world-wide recession. Its resilience can be attributed to three factors. First, a track record of macro-economic policy management has left the country in prime form at the beginning of the global turmoil . . . . Second, the authorities responded proactively to the crisis. . . Third, the focus on financial stability.” Preferring solidity over dynamism, Canada has only a few large banks; this provides greater stability and makes it easier for the government to regulate. The banks also enjoy economies of scale and are therefore relatively efficient. Canada’s prudent fiscal policy, low inflation, interest and unemployment rates and corporate tax framework are among the best in the world; Canada’s Export Development Corporation (EDC) provides trade finance and risk management services to Canadian exporters and foreign investors. In response to Canada’s enviable fiscal balance sheet and excellent long-term growth prospects, the country has enjoyed a “AAA” international credit rating (the highest rating) from Moody’s Investors Services since 2002.
Another great reason to invest in Canada is its solid infrastructure. Due to its rapidly growing prominence as an outsourcing market of choice, Canada is ranked second in the G7 and eighth among 72 countries profiled in the recent Foreign Policy Magazine Globalization Index, which measures economic integration, personal contact, technological connectivity and political engagement. Over the past decade, Canada has witnessed a substantial growth in both inward and outward Foreign Direct Investment (FDI), reflecting its strong connection to global supply chains. The Infrastructure Canada Program (ICP) has been helping to renew and build infrastructure in rural and urban municipalities across Canada, and is focused on green municipal infrastructure – projects that improve the quality of our environment and contribute to clean air and water.
These are just a few of the reasons why Canada draws so many investors from around the world. So if you want to invest in a country that is creative, competitive and always looking at the bottom line, the only option that should come to mind is Canada.