Cost Efficient and Profitable
Canada’s competitive business costs, low corporate tax rates, successful innovation clusters, efficient transportation infrastructure and ready access to markets enable profitable international investment.
“ When it comes to the kind of advanced engineering we do to build high-end products never built before, we’ve discovered that Canada is actually more cost-effective than China. ”
Michael Worry, CEO, Nuvation Engineering
For much of the past decade, the Canadian economy has expanded faster than any other G-7 country.While the commodities boom contributed to this growth, sound public policy played an even bigger role. A decade of budget surpluses and debt-reduction initiatives afforded Canada the ability to implement policies to stimulate the economy.
- Today, Canada has the lowest net debt-to-GDP ratio in the G-7 and a concrete plan to return to a budget surplus by 2015-16. Canada is well positioned to continue the pro-business strategies that support long-term economic growth and competitiveness, and help the country attract global investors.
- The Economist Intelligence Unit considers Canada the best country in the G-7 in which to do business over the next five years.
- Companies operating in Canada can count on fast, reliable access to North American and global markets . Thanks to the North American Free TradeAgreement(NAFTA), companies in Canada have ready access to a massive market (which includes Canada, the US and Mexico) with an annual economic output valued at more than U.S.$16 trillion.
- In the past five years, Canada concluded free-trade agreements with eight countries ; negotiations are underway with 50 other countries and regions, including the European Union and India, while early discussions continue with other countries, such as Japan.
Invest in Canada - General Investment News
2013-04-18 - Hitachi Solutions America will open a new business subsidiary
2013-04-07 - Lockheed Martin acquired a second commercially viable quantum
2013-03-05 - The City of Toronto's latest Economic Dashboard report states
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