This essay Investing In Canada has a total of 2348 words and 15 pages.
Investing In Canada
Investing In Canada - Factors that are attractive for direct investment in
Canada is the second largest country in the world, occupying close to 10 million
square kilometres of land bounded by the Atlantic, Pacific and Arctic oceans.
Canada shares a 6,000 kilometre border and the five largest freshwater lakes in
the world with the United States. Known as the Great Lakes, they provide a route
to the Atlantic via the St.- Lawrence Seaway, permitting direct access to
More international companies are investing in Canada. The stock of foreign
direct investment (FDI) in Canada has increased steadily over the past five
years to reach over $130 billion last year. Investor confidence is high.
International companies are discovering what firms in the United States have
known for decades: it pays to invest in Canada. There is a government commitment
to attract foreign direct investment. Canada\'s government provides a competitive,
welcoming climate for international business. It is committed to fiscal
responsibility, deficit reduction and job creation.
The following are some essential points all of which prove Canada is a favorable
choice: Domestic market; wage competitiveness; work force quality; International
business skills; raw materials; energy costs; infrastructure; business services
and legal environment.
Canada\'s per capita purchasing power is second only to that of the United States,
among the G-7 countries, and the OECD expects Canada to lead the industrialized
countries in near-term economic growth. Inflation is below two per cent and
forecast to remain low. Cost of money is lower than it has been for decades.
Exports are at record high, having increased by 14 per cent in 1993 over 1992.
Under free trade, Canadian-based companies have increased their market share of
the Canada-U.S. market. Further, the Canada-U.S. Free Trade Agreement (FTA),
together with the North American Free Trade Agreement (NAFTA) which came into
force on January 1, 1994, gives Canadian-based companies an unparalleled access
to 365 million people, forming an economy larger than that of the European
Community. The combined 1993 GDP value of the Canada-Mexico-U.S. market was in
excess of $8.5 trillion.
Competitive Wages and Benefit Rates:
Many international corporations find the Canadian work force to be highly cost-
effective. On average, wages in Canada\'s busines
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