On behalf of the government of Canada, it gives me great pleasure to address readers of the 2013 edition
of Location Canada magazine.
Canada remains one of the best places in the world for international business and foreign direct investment, with a robust economy and strong business fundamentals. Indeed, in the aftermath of the worst global recession in a generation, Canada has continued to outperform its G-7 peers in terms of job creation, economic growth, income growth, and our debt-to-GDP ratio. Forbes magazine has rated Canada as the best country in the G-20 for business and the World Economic Forum has rated our banking system as the world’s soundest for the past five years. We are also among just a handful of nations in the world with a triple-A credit rating. This provides assurance to business investors here and abroad about the security of their direct investments in Canada.
Our government is working to ensure that Canada continues to be a top destination for foreign investment that benefits Canadians and investors alike. Through Economic Action Plan 2013, we are bolstering the competitiveness of the Canadian economy by investing in the manufacturing sector, encouraging innovation, and increasing the availability of skilled labor. Further, we are improving Canada’s public infrastructure, deepening our trade and investment relationships in large and fast-growing markets in the world, and improving our country’s fiscal framework by returning to a balanced budget
in 2015. Our government continues to create the conditions needed to attract the
global investors who create jobs and new sources of economic growth and prosperity
in communities across Canada.
Clearly, investing in Canada makes excellent business sense. We offer access to a North American market of over 460 million consumers. We also offer a strong, stable financial system; low taxes; one of the highest standards of living in the G-20; a business-friendly environment; world-class cities; spectacular natural landscapes; and an innovative, well-educated, and multicultural work force. Canada truly provides a preferred destination for global investment.
I invite you to learn more about Canada’s world-leading business advantages —
and why Canada continues to be a top destination for foreign investment —
within these pages and at investincanada.com.
The Honourable Ed Fast
Minister of International Trade and Minister for the Asia-Pacific Gateway