top of page
Original.png
Search

WHY CANADA? The Economics makes sense

Updated: Aug 2, 2021


ree

Open for business and foreign investment

Canada will continue to be the best country in the G20 for doing business throughout the next five years (2021-2025); it has consistently ranked among the top 3 countries in the last 5 years.

HIGHLIGHTS

  1. Business-friendly environment

  2. Sound policies that protect business growth and sustainability

  3. Support systems for business growth –consultation, finances, professional support etc.

  4. Historical record of business growth

  5. 2nd least corrupt country in G20, 12thin the world

  6. Integrated systems that support developments



ECONOMIC INDICES

  1. Lowest METR in the G7 (13.7% average and as low as 3.1% in some manufacturing and processing industry)

  2. 2nd fastest growing G7 economy in 2019, expected to tied at 1st in 2020 pre-pandemic

  3. Soundest banking system among the G7 countries and 6th in the world.

  4. From 2018 to 2019, FDI into Canada increased by 18.6%, making Canada's 2019 FDI results 42.5% higher than the previous 10-year average FDI total.

  5. Canada has been at the top spot or near it for 8 out of the past 10 years among the G7 countries.


Open for business and foreign investment

Canada will continue to be the best country in the G20 for doing business throughout the next five years (2021-2025); it has consistently ranked among the top 3 countries in the last 5 years.

  1. Canada will continue to be the best country in the G20 for doing business throughout the next five years (2021-2025); it has consistently ranked among the top 3 countries in the last 5 years. Economist Intelligence Unit, November 2020

  2. Canada is the easiest place to start a business in the G20. World Bank, Doing Business 2020, November 2019

  3. Canada’s ranks first among Organization for Economic Co-operation and Development (OECD) countries for its attractiveness to entrepreneurs thanks to its welcoming and robust business environment. OECD Indicators of Talent Attractiveness, May 2019

  4. Foreign investors choose Canada: Canada had the second-largest foreign direct investment (FDI) stock to GDP ratio among G20 countries over the 2015-2019 period.


Resilient Economy

Over 83% of the 3 million jobs lost between February and April 2020 due to COVID-19 had been recovered by the end of April 2021, with nearly 67% in full-time positions.

Source: Statistics Canada, May 2021


  1. COVID-19 has radically changed the economic growth outlook around the world. Every G7 country experienced recession in 2020, with Canada’s economy contracting by 5.4%. Growth outlook is positive for 2021 and the Canadian economy is expected to rebound to 5.0% growth in 2021.Finance Canada, 2020 Economic and Fiscal Snapshot; IMF, World Economic Outlook, April 2021

  2. Canada, along with Germany and Australia, continues to lead the G20 for fiscal soundness. Despite the economic support it is providing to help its citizens cope with the pandemic, Canada retained its triple A credit rating. S&P Global, April 2021; Moody’s, November 2020

With the ratification of the Canada-U.K. Trade Continuity Agreement (CUKTCA), Canada now has 15 active free-trade agreements with 51 countries


Do you want to begin your journey? Contact us today.




Comments

Brought to you by:

Elsh Travel backaa (1)_edited.jpg
bottom of page