Canada: Investors Are Welcome

In Canada, there will be a new investment hub soon. In December last year, the Government of Canada informed that the country will dedicate 218 million Dollar over the next five years to increase investments that will create jobs and growth for the middle class. This unprecedented funding would support the creation of a new investment promotion agency, Chrystia Freeland, Minister of International Trade, was quoted.

As reported, the new investment hub would be operational in 2017, with the goal of attracting new international investments while making it simple and more attractive to invest in Canada. It would build on Canada’s strengths and optimize the existing contributions of governments and the private sector.

Canada’s big cities applaud

The Consider Canada City Alliance (CCCA) welcomes the opportunity to help shape a new Federal Invest in Canada Hub focused on international investment attraction. The thirteen members of the alliance include the city regions of Halifax, Quebec City, Montreal, Ottawa, Toronto, Waterloo, London, Winnipeg, Saskatoon, Calgary, Edmonton and Vancouver; the newest member is Hamilton. The economic zones of the former twelve members of the CCCA represented 57.3 percent of Canada’s population, produced 63.4 percent of its GDP (gross domestic product) and accounted for 82.5 percent of Canada’s GDP growth in the five years until the third quarter 2016. As reported, the Canadian cities – and their Economic Development Organizations (EDOs) – help international companies determine the best strategies for business expansion and continually improve Canada’s ability to attract new investment and trade opportunities. The organization’s goal is to integrate the resources at municipal and federal levels to provide one-stop service to foreign investors. To achieve this, the CCCA had held direct discussions with the Ministries of International Trade, Innovation Science and Economic Development, and KPMG, the research and accountancy firm leading stakeholder consultation, the alliance reported in March this year.

Infrastructure is becoming a big focus

According to Mentor Works Ltd., a company with expertise in Canadian government funding, infrastructure is becoming a big focus in Canada. To fuel the country’s economic growth, the Canadian federal government would increase spending to employ more Canadians and achieve improved transit, energy, and other types of infrastructure. Tenders in regard to waste collection, recycling, wastewater and other environmental services can be found at

Invest in Canada

There are many opportunities in Canada. The country has for instance made significant investments to create the right environment for foreign investment in the renewable energy market. These include the creation of key R&D partnerships in the sector, such as the Clean Energy Fund, which is targeted to promote partnerships between public, private and academic organizations to develop new technologies that reduce greenhouse gas and other emissions. Another sustainable technology sector is the bioproduct business. In developing products such as bio-based materials and composites, cellulosic ethanol commercialization, platform chemicals and intermediates, fermentation technologies and pyrolysis technologies, Canada’s network of universities and research institutions “ is connecting leading-edge research with foreign investors around the world”, the publication “Invest in Canada”, 2016-2017 edition, pointed out. “Further, with well-established forest products and agri-processing sectors across the country, Canada has the abundant diversity of biomass feedstock to supply foreign investors looking to establish bioproducts processing facilities”.



Photo: pixabay

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