With the United States next door – the world's largest economy and Canada's largest trading partner – we believe that Canada is the best place in the world to do business.
Since the signing of the US-Canada free trade agreement, the world’s largest trading relationship has seen its trade figures triple. With the signing of the North American Free Trade Agreement (NAFTA), which includes Mexico, we became a member of the world’s largest trading block.
Canada has always been a country strong on business, and our federal government continues to be committed to a low tax plan. There are also many government programs that provide expert and financial help to the business community.
Canada has a large, educated work force and a pro-business government. The country is rich in natural resources, abundant sources of energy and sophisticated communications and transportation networks. Immigrant entrepreneurs looking to put their skills and talents to work will find themselves surrounded by opportunity.
With less red tape and regulation than many countries in the world, business in Canada is freer to be innovative and entrepreneurial than in many other places. According to a World Bank study, business start-up times and procedures here are the quickest and easiest of any country in the G7.
In addition to the Immigrant Investor Program, our governments have enacted many laws that promote business and encourage foreign investment.
A member of the G7, Canada has a robust, highly diversified, mixed economy that has made it one of the world’s wealthiest nations. The second-largest country on Earth in terms of landmass, Canada is rich in natural resources. As a result, primary industries play a major role in our economy.
In British Columbia, forestry industries are very important. In fact, Canada is the world’s leading exporter of wood, pulp and paper products. In Alberta, the oil and gas industry is fueling an economic boom, attracting entrepreneurs from all over. Mining adds substantially to the prosperity of Ontario, which exports a wide variety of chemicals and minerals.
Abundant Fresh Water
Quebec, Canada’s biggest province, is home to Hydro-Quebec, the world’s largest hydroelectricity generating company, which powers the Quebec economy, and beyond, with its vast reservoirs of clean, renewable energy.
Our manufacturing industries are often in the business of transforming the products of near by natural resources. They are responsible for most of our exports, and help drive our regional economies.
Cars, trucks, vehicle parts and other transportation equipment make up the largest part of our manufacturing sector. And while we trade a great deal of manufactured goods with other nations, especially the United States, trade between provinces is very strong.
Fertile Opportunities for Agriculture
A major agricultural producer and exporter, Canada also has a thriving food processing industry, producing billions of dollars of grocery products for domestic and international markets.
Strong Service Sector
As with most modern economies, however, the service sector is Canada’s most important. It is responsible for fully two-thirds of our Gross Domestic Product, and employs three-quarters of our labour force. Most service sector businesses are concentrated in and around our cities. We have a strong financial sector, a multi-billion dollar professional services sector and a thriving information economy.
World’s Soundest Banking System
The World Economic Forum has ranked Canada’s banking system as the soundest in the world, and Moody’s Investor Service named Canada first in the world for financial strength. With the greatest growth in GDP in the G7, a low inflation rate and strong currency, the country continues to have one of the most vital economies among industrialized nations. Always a very attractive destination for the immigrant investor, Canada is likely to become even more so.