Download - Canada Imigration
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Canada -A Strategic
Choice
Think Dynamic.
Think Competitive.Think Bottom Line.
Think Canada.
April-May 2009
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Canada -A Strategic
Choice
Excellent Economic
Fundamentals
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3
A Sound Forecast for Canada
Canadas federal government has made the right choices when times were good as isevidenced by its eleventh consecutive annual surplus in fiscal 2007-08.
However, in light of the current global economic downturn, Canada, in its latest budget,has deliberately chose to run short deficits to stimulate its economy without putting long-term prosperity at risk. Canadas net debt-to-GDP ratio will remain the lowest in the G-7by a wide margin with a return to a surplus expected by the 2013-14 fiscal year.
The U.S. will continue to experience deficits for at least the next ten years.
Federal Government Budgetary Balance
9.6
-1.1
-33.7-29.8
-13.0-7.3
0.7
-455
-1186
-703
-498
-264 -257 -250
-120
-100
-80
-60
-40
-20
0
202
007-08
2008-09*
2009-10*
2010-11*
2011-12*
2012-13*
2013-14*
Can$billi
-1200
-1000
-800
-600
-400
-200
0
200
US$
billi
* Forecasts for both countriesSource Canada: The Federal Budget, Finance Canada, January 27, 2009
Source United States: The Budget and Economic Outlook, United States Congressional BudgetOffice, January 2009.
Canada
U.S.
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Canada and Germany were the only G-7 members to post a surplus in2007 with Canada in the lead. Despite being in an overall deficit positionduring the 2008-2010 period, Canada will be in a far better position thanmost G-7 member countries.
Source: OECD Economic Outlook, Number 84 , December 2008
Total Government Budget Balance 2007-10(% of GDP)
(National Accounts Basis)
1.4
-1.5
-2.8
0.1
-2.7-2.9
-2.4
-0.9
-2.8
-5.1
-0.6
-3.5
-6.3
-2.8
-7.0
-6.0
-5.0
-4.0
-3.0
-2.0
-1.0
0.01.0
2.0
Canada
Italy
U.K.
Germany
France
U.S.
Japan
2007
2008-10
Leading Most Other G-7Countries
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5
Low Inflation Rates
Canadas targeted inflation rate range between 1% and 3% has beenextended until 2011.
With low inflation over the past decade, Canada is considered among the lowinflation countries.
Over the past five years, Canadas inflation rate averaged 2.1%,compared to 3.2% for the U.S.
Inflation(Year-Over-Year % Change)
2.3
2.8
1.9
2.22.0
2.1
2.4
1.6
2.3
2.7
3.43.2
2.9
3.8
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
2002 2003 2004 2005 2006 2007 2008
Canada U.S.
Sources: Statistics Canada and the Federal Reserve Bank of St. Louis (FRED II Database),January 2009
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Canadas solid fiscal situation and low inflation has led to lower interest rates.
The sharp decline in interest rates in both Canada and the U.S. in recent monthswere a consequence of the global economic downturn. Rates in the U.S. werelowered more than in Canada because of the greater severity of the slump in theU.S. economy.
Source Canada: Government of Canada 10-Year Bond: May 22, 2009Source U.S.: U.S. Treasury, Constant Maturity 10-Year Bond: May 22, 2009
Daily Yields (%)
2.0
2.2
2.42.6
2.8
3.0
3.2
3.4
3.6
3.8
16-Jan-09
30-Jan-09
13-Feb-09
27-Feb-09
13-Mar-09
27-Mar-09
10-Apr-09
24-Apr-09
8-May-09
22-May-09
Long-TermBond Yields (%)
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Low Interest Rates
Canada
U.S.
U.S.
Cana
da
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Real GDP Growth Projections (%) - Consensus
Economics Inc.Consensus Forecasts, May 2009, Consensus Ecomonics Inc.
2.3 2.2 2.21.8
0.9
1.9
1.4
-0.3-0.6
-1.8
-1.1
-2.0-2.3 -2.4
-3.0
-2.0
-1.0
0.0
1.0
2.0
3.0
Canada
U.S.
U.K.
Fran
ce Italy
Germany
Japan
%
2005-08
2009-10
A Stable Domestic Economy
According to Consensus Economics, Canada has been the best performer
among the G-7 in GDP growth over the 2005-08 period and is expected toremain so through 2009-10 despite the recent global economic downturn.
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Real GDP Growth Projections (%) - OECDOECD Economic Outlook, Number 84, December 2008
2.3 2.3 2.2
1.8
0.9
2.0
1.7
0.8
0.4
-0.1
0.6
-0.1
0.2 0.3
-1.0
0.0
1.0
2.0
3.0
4.0
Canada U.S. U.K. France Italy Germany Japan
A Stable Domestic Economy
2005-08
2009-10
Recent OECD statistics rank Canada as a top performer the among G-7
countries in terms of GDP growth during the 2005-08 period and the bestduring the 2009-10 forecast period.
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Canada -A Strategic
Choice
Easy Access
to Markets
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Efficient Flow of Goods AcrossBorders
Canada leads the G-7 and ranks 5th among 118 countries in terms of the enablingtrade index, which measures the effectiveness of the combined factors of market
access, border administration, transport & communications infrastructure, andbusiness environment towards the efficient flow of goods over borders and to theirfinal destination.
Enabling Trade Index
6.04
5.715.66 5.65 5.62 5.62 5.61 5.58 5.58
5.52 5.51 5.505.43 5.42
5.05.2
5.4
5.6
5.8
6.0
6.2
Hong
Kong
Singapore
Sweden
Norway
Canada
Denmark
Finland
Germany
Switzerland
NewZealan
Netherlands
Luxemb
ourg
Japan
U.S.
Inde
Global Enabling Trade Report 2008, World Economic Forum.
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The North American market is serviced through a well-integrated transportationsystem, which is among the worlds best.
Automated permit ports, transponder identification systems and jointprocessing centres are being tested and deployed for easy movement of goods
Annual Transborder CrossingsTotal Number of Trucks and Canada-U.S. Air Passengers
(Two-way movements)
0
5
10
15
20
25
1984 1988 1992 1996 2000 2004 2008*
Millions
Source: Statistics Canada and Transport Canada, 2008 (* Preliminary data for 2008air passengers)
Truck
Air
Streamlined Trans-Border Flows
20.8million
11.5million
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Smart Borders
Canada and the United States work closely together to ensure the safety,security, and prosperity of both our countries.
Significant steps forward were accomplished to increase overalleffectiveness of border programs, such as:
FAST (fast movement of pre-approved eligible goods by truck);
NEXUS (special program for frequent travelers);
Harmonization of procedures for commercial shipments;
Harmonized timeframes for advance electronic cargo reporting;
Implemented the "24-Hour Rule" for marine shipments destined to NorthAmerica;
Collaborated in the development of automated risk assessmentsystems, tools and methods;
Improved infrastructure and border processing times.
The border system is one of the most efficient in the world: wait times areusually less than 10 minutes.
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Direct Access to the NAFTAMarket
Since the enactment of the North American Free Trade Agreement (NAFTA)
in 1994, Canada provides long-term assured access to the North Americanmarket.
In addition to eliminating tariffs, NAFTA provides procedures for:
border facilitation
movement of personnel
investment and intellectual property protection
product certification The signing of the North American Free Trade Agreement (NAFTA)
integrated the Canadian, U.S., and Mexican economies for nearly allbusiness purposes.
As a result, Canadian-based businesses have access to one market of 447million consumers with a combined GDP (PPP*) of almost US$17.5 trillion.**
Many Canadian production hubs are actually closer to U.S. markets thanAmerican production sites of Canadas 20 largest cities, 17 are within anhour and half drive of the U.S.
Direct air service between major cities in Canada and the U.S. has nearlydoubled in the last six years.
* PPP = Purchasing Power Parity (equalization of purchasing power of different countries in their home countriesfor a given basket of goods)
** Source: CIA World Factbook, March 2009
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Mexico City
1000 km
500 km
Los Angeles
Denver
Houston
Atlanta
Seattle
Miami
New York
Boston
Philadelphia
Washington
BaltimoreDetroit
Chicago Cleveland
St. Louis
Pittsburgh
Milwaukee
San Francisco
St. John's
CalgaryVancouver
Regina Halifax
Toronto
MontralWinnipeg
Charlottetown
Edmonton
VictoriaOttawa
Windsor
Qubec
Fredericton
Saskatoon
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Canada is the United StatesLargest Trading Partner by Far
Canada and the U.S. have the worlds largest trade partnership, with two-waytrade in goods and services amounting to CAN$740 billion in 2008. Thisaverages to more than CAN$1.4 million dollars a minute in trade.
Canada - U.S. Trade in Goods & Services($CAN Billions)
U.S. to
Canada
Canada to
U.S.
0
200
400
600
800
19931994
19951996
19971998
19992000
20012002
20032004
20052006
20072008
Source: Statistics Canada, February 27, 2009
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The U.S. trades more with Canada than with any other countrymore withCanada than with all of the E.U. countries combined!
Distribution of U.S. Trade* - 2008Canada
17.5%
China
12.0%
Mexico
10.8%
Japan
6.1%Germany
4.5%
All Others
49.1%
Source: World Trade Atlas * Merchandise trade, February 2009
Canada is the United StatesLargest Trading Partner by Far
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Vital Trade Links with theAmericas
Despite the lack of an expandedfree trade zone beyond NAFTAfor additional countries in theAmericas, sizable tradeopportunities are still apparentwithin this region for Canada.
Source: Statistics Canada, February 2009 Note: Merchandise trade * Ranking is based
on 2008 data.
Total Tradein
Top Sectors,2008, CAN$Billions
616.4Total Trade
241.9Other Sectors
43.1Primary Metals
44.8Machinery
51.2Chemicals
109.6Oil & Gas Extraction
125.7TransportationEquipment
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Strong Historical Trade Tieswith Europe
European markets continue toprovide tremendous tradeopportunities for Canada.
Total TradeinTop Sectors,
2008, CAN$Billions
87.8Total Trade
35.8Other Sectors
6.0Primary Metals
10.8Mining (except oil & gas)
11.1Machinery
11.4TransportationEquipment
12.7Chemicals
Source: Statistics Canada, February 2009 Note: Merchandise trade * Ranking is based
on 2008 data.
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Unique Access to Asia-PacificMarkets
With its geographical location, itsimmigration links and activeinvolvement in APEC to reducetrade barriers, Canada is uniquelypositioned to gain from the long-term potential of Asianeconomies.
Source: Statistics Canada, February 2009, Note: Merchandise trade * Ranking is based on2008 data.** Includes Oceania and the Middle East
Total TradeinTop Sectors,2008, CAN$Billions
134.6Total Trade
70.3Other Sectors
7.7Primary Metals
9.8Mining (except oil & gas)
10.6Machinery
12.7TransportationEquipment
23.5Computer & ElectronicProducts
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Efficient Transport Linkagesbetween North America and Asia
A reliable and efficient transportation system is key to facilitating globalsupply chains.
In October 2006, Canada has launched the Asia-Pacific Gateway andCorridor Initiative, an unprecedented alignment of public and private
sector investments to strengthen Canadas position as a fast, efficient andsecure gateway between North America and Asia.
These investments will improve the flow of people, goods and servicesacross Canadian rail, roads, bridges and through our ports and airports.
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Canada -A Strategic
Choice
Growing
ForeignDirect
InvestmentLinkages
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A Highly GlobalizedInfrastructure
Due to its rapidly growing prominence as an outsourcing market of choice, Canada
ranked second in the G-7 and eighth among 72 countries profiled in the recent A.T.Kearney/Foreign Policy Magazine Globalization Index* which measures economicintegration, personal contact, technological connectivity and political engagement.
In technological connectivity, one of the four components of the index, Canadasranking rose from sixth place in 1999 to second in 2006. It maintained this positionin 2007.
Globalization Index Rankings, 2007*
34th
28th25th
22nd
12th8th7th
U.S. Canada U.K. Germany France Japan Italy
Inde
Source: A.T. Kearney/Foreign Policy Magazine, 2007 * Standing based on 12 characteristicsunder the headings of trade, FDI, telephone, travel, remittances & personal transfers, internet
users, internet hosts, secure servers, international organizations, UN peacekeeping, treaties andgovernment transfers.
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Over the past two decades, Canada has witnessed a substantial growth in both inward and
outward FDI. Canadas inward FDI stock reached C$505 billion in 2008, an almost 8-fold increase from
C$65 billion in 1980.
As for Canadas outbound FDI, the expansion of Canadian direct investment abroad (CDIA)has been even more spectacular, rising from C$28 billion in 1980 to $637 billion in 2008, a23-fold increase.
Since 1997, Canada has been a net exporter of FDI, with outward FDI stock outstrippinginward FDI stock each consecutive year.
CDIA
FDI
Driven by a Dynamic Two-WayInvestment Process
Source: Statistics Canada, April 8, 2009
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The United States isCanadas Largest Source of FDI
In 2009, the U.S. share of foreign direct investment (FDI) in Canada stoodat 58.2%, down from the 10-year record level of 69.7% in 1999.
Source: Statistics Canada, April 8, 2009
Geographic Distribution of Inward FDI Stock in Canada
2008
United Kingdo
10.8%
Netherlands 6.7%
France 3.7%
Japan 2.6%
Switzerland 3.0%
United States 58.2%
Others 15.1%
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From 2000-2008, the US share of FDI stock in Canada declined from 61% to 58%, whilethat of the EU, the second largest contributor to FDI in Canada, declined from 30% to26%.
Source: Statistics Canada, May 4, 2009
0
100
200
300
400
500
600
'90 '92 '94 '96 '98 '00 '02 '04 '06 '08
24%
30%26%
64%61%
58%
12% 9% 15%
0%
20%
40%
60%
80%
100%
1990 2000 2008
Foreign direct investment in Canadaby geographic area of origin 1990-2008
Billion$Cdn
EU
US
Others
FDI stock: distribution by geographic region oforigin (%)
EU
US
Others
Outnumbering the EU by Morethan Two to One
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The United States is the LargestRecipient of CDIA
In 2008, the U.S. share of outward FDI or Canadian direct investment abroad(CDIA) was 48.8%, down from the 10-year record level of 52.2% in 1999.
Source: Statistics Canada, April 8, 2009
Others26.0%
United States48.8%
Ireland3.2%
Cayman
Islands3.0%
Bermuda
3.5%
Barbados
7.1%
United Kingdom8.5%
Geographic Distribution of Outward FDIStock from Canada
2008
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The United States remains the largest single recipient of Canadian direct investment
abroad, the EU has gradually been gaining ground in recent years. From 2000-2008, CDIA stock in the US declined slightly from 50% to 49%, while that of
the EU held steady at 21%.
Source: Statistics Canada, May 4, 2009
0
100
200
300
400
500
600
700
'90 '92 '94 '96 '98 '00 '02 '04 '06 '08
21% 21% 21%
61%50% 49%
18%29% 30%
0%
20%
40%
60%
80%
100%
1990 2000 2008
Canadian direct investment stock abroad
by geographic area 1990-2008Billion$Cdn
EU
US
Others
CDIA stock: distribution by geographic Area (%)
EU
US
Others
The EU is Also An ImportantDestination for CDIA
I t t i th M i M d f
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399
240
Affiliate
Sales
Exports
Affiliate Sales and Exports of Goods and Services ($Billion), 2006
EuropeanUnion
UnitedStates
43
86
Affiliate
Sales
Exports
Exports from Canada to the U.S. far outweigh sales by American affiliates of Canadian
multinationals in the U.S. Conversely, sales in Europe by European affiliates of Canadian multinationals are more
than twice the level of Canadian exports to the European Union*.
* Does not include Bulgaria and Romania which joined the EU inJanuary 2007 to form the EU-27Source: BIA compilations based on data from Statistics Canada,
Investment is the Main Mode forDelivering Goods and Services
Canada Welcomes Foreign
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Increasingly more investment goes toward industries such asmanufacturing, mining and oil and gas extraction and the management ofcompanies and enterprises. Since 2000, significant growth in terms of FDI
has occurred in the mining and oil and gas extraction industry and theutilities industry.
Average Annual Growth Rates of Foreign Direct
Investment by Industry (%) 2000-2008*
-4.0
1.8
2.0
4.14.7
5.0
5.5
6.4
8.0
8.8
9.4
13.213.3
15.0
17.9
-5.9
12.8
-20 -10 0 10 20 30
Information and communication technologies
Real estate and rental and leasing
Manufacturing
Agriculture,forestry, fishing and hunting
Information and cultural industriesWholesale trade
OVERALL
Professional, scientific and technical services
Finance and insurance
Transportation and warehousing
Accommodation and food services
Construction
Retail trade
All other industriesManagement of companies and enterprises
Utilities
Mining and oil and gas extraction
Source: Statistics Canada,May 4, 2009
Canada Welcomes ForeignInvestment
19.30.7
11.62.1
4.0
0.7
0.6
0.9
11.5
2.1
100.0
6.61.7
0.2
33.3
0.9
3.8
2008Distribution(%)
* North American Industry ClassificationSystem (NAICS)
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Canadas outward FDI is focused largely in the finance & insurance,manufacturing and mining and oil and gas extraction industries. The agriculture,forestry, fishing and hunting industry and the utilities industry has seen
significant growth since 2000 in terms of CDIA.
Canada Actively Invests Abroad
Average Annual Growth Rates of Canadian Direct
Investment Abroad by Industry (%) 2000-2008*
-2.5
0.7
0.8
2.6
6.5
9.8
10.2
10.6
10.7
14.0
14.3
20.7
25.3
28.9
42.3
16.6
-10.6
-20 -10 0 10 20 30 40 50 60
Information and communication technologies
Information and cultural industries
Manufacturing
Transportation and warehousing
All other industries
OVERALL
Professional, scientific and technical services
Real estate and rental and leasing
Construction
Mining and oil and gas extraction
Wholesale trade
Finance and insurance
Accommodation and food services
Management of companies and enterprises
Retail trade
Utilities
Agriculture,forestry, fishing and hunting
Source: Statistics Canada,
May 4, 2009
0.8
2.4
1.3
10.4
0.5
39.2
0.8
14.4
0.3
1.7
1.3
100.00.5
2.6
17.8
3.2
2.8
2008Distribution(
%)
* North American Industry ClassificationSystem (NAICS)
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Canada -A Strategic
Choice
A Cost-Competitive
Business Environment
An Overall Tax Advantage for Firms
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Source: The Federal Budget, Finance Canada, January 27, 2009 and the OECD Tax Database.
* METR takes into account federal and provincial statutory corporate income tax rates, deductionsand credits available in the corporate tax system and other taxes paid by corporations, includingprovincial capital taxes and retail sales taxes on business inputs.
An Overall Tax Advantage for Firmsto Expand in Canada
International Comparison of Statutory General Corporate Tax
Rates in 2012
39.5 39.3
34.4
31.430.2
28 27.2
10
15
20
25
30
35
4045
Japan U.S. France Italy Germany U.K. Canada
%
As a result of corporate income tax reductions introduced by the Government since2006, Canada will have the lowest statutory tax rate in the G-7 by 2012.
Canada will also reach the goal of the lowest overall tax rate on new businessinvestment (marginal effective tax rate (METR*)) in the G-7 by 2010.
Quality R&D Canadas Big
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Quality R&D Canada s BigBargain
Canada offers one of the mostfavorable tax treatments for R&Damong the G-7.
Canada provides a system oftax credits and acceleratedtax deductions for a wide-variety of R&D expenditures.
Eligible costs include:
salaries, overhead, capitalequipment, and materials.
These tax-based incentivespermit firms to significantlyreduce R&D costs through directinvestment or sub-contracting inCanada.
Relative Generosity of
R&D Tax Incentives*(Index: Canada =100.0)
79.7
80.3
87.9
90.8
93.1
100.0
101.2
50 60 70 80 90 100 110
Germany
Italy
U.S.
U.K.
J apan
Canada
France
Source: Warda, Jacek, Rating Canada's R&D Tax Treatment: September 20, 2007Note: Relative generosity is determined by dividing the after tax cost of performing $1.00 of R&D by 1 less thecorporate tax rate.Results are indexed to the relative generosity of Canada's system of tax-based support for R&D. The higher theratio the more competitive the tax system.* Calculations based on large firms
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Competitive Business TelephoneCharges
Canadas business telephone charges are relatively low among G-7countries.
Source: OECD Communications Outlook 2007
Annual Business* Telephone Charges(US$ PPP**, Price per line)
963
956
880
792
655
588
442
0 200 400 600 800 1000 1200
Japan
Italy
U.K.
France
Canada
Germany
U.S.
* Business (small and medium-sized enterprises) basket of telephone charges include fixed accessand 84,000 calls broken down according to distance, destination (fixed, mobile and international), timeof day over a one-year period.**PPP = Purchasing Power Parity (equalization of purchasing power of different countries in their homecountries for a given basket of goods)
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Canada has the lowest residential telephone charges among the G7 and
OECD countries.
Annual Residential* Telephone Charges(US$ PPP, Price per line)
1027
989
922
796
794
518
368
0 200 400 600 800 1000 1200
Italy
France
Japan
U.K.
Germany
U.S.
Canada
The Most Affordable ResidentialTelephone Charges
Source: OECD Communications Outlook 2007
* High usage basket of residential telephone charges include fixed access and 84,000 calls brokendown according to distance, destination (fixed, mobile and international), time of day over a one-yearperiod.** PPP = Purchasing Power Parity (equalization of purchasing power of different countries in theirhome countries for a given basket of goods)
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Canada -A Strategic
Choice
A Dynamic
and WelcomingInfrastructure
Highest Concentration of
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Highest Concentration ofEntrepreneurs
From a global standpoint, Canada has the highest concentration of entrepreneurswithin its working population.
Businesses, including start-ups, develop new products and services and get them tomarket and conceive new types of organization and production and put them intopractice.
New companies also serve to remind existing firms of the need to adapt andcontinue innovating.
Source: Statistics Netherlands 2008
Number of Entrepreneurs as a Percentage of the
Working Population
15.9
11.5 11.2 11.1 11.110.1 9.7
8.6 8.5
6.9
0
5
10
15
20
Canada
Netherlands
U.K.
Irelan
d
Belgium U.
S.
Germany
Finlan
d
Sweden
Denmark
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Positive Business Climate Canada understands the importance of its business community and has
created an environment to encourage its success.
Canada business climate ranked first in the G-7 and third out of 82countries in the Economist Intelligence Units global business rankings forthe forecast period (2009-13), up from fourth and still first in the G-7 out ofthe full 82 countries from the historical period (2004-2008).
The country ranks well for its infrastructure, market opportunities, taxes,and foreign trade and exchange controls.
Business Environment of Top Ten Countries,
Rank for Forecast Period 2009-2013
10th
9th
8th7th
6th
5th
4th
3rd
2nd
1st
Finlan
d
Singapore
Canada
Hong
Kong
Switzerland
Denmark
Australia
Sweden
Norway
Netherlands
Ran
Source: The Economist Intelligence Unit, April 2009
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Ease in Establishing a Businessin Terms of Procedures
Regulations pertaining to the creation of new businesses are
considerably more flexible in Canada than those in the rest of the G-7.
Canada ranks first among the G-7 and OECD countries for the lowestnumber of procedures required to establish a new business.
Number of Procedures*
1
5
6
8
9
5.8 66
0
1
23
4
5
6
7
8
910
Canada France OECDAverage
U.S. U.K. Italy J apan Germany
Source: Doing Business in 2009 - The World Bank Group, 2008 * A "procedure" is defined asany interaction of the company founder with external parties (government agencies, lawyers,auditors, notaries, etc). Interactions between company founders or company officers andemployees are not considered as separate procedures. For example, an inauguration meeting
where shareholders elect the directors and secretary of the company is not considered aprocedure, as there are no outside parties involved.
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Canada ranks first among the G-7 for the fewest number of days required
for establishing a new business.
Duration (days)
56
7
10
13 13.4
18
23
0
5
10
15
20
25
Canada U.S. France Italy U.K. OECDAverage
Germany Japan
Source: Doing Business in 2009- The World Bank Group, 2008
And in Terms of Time
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Canadian schoolchildren ranked second in the world in the OECD Program forInternational Student Assessment (PISA).
The PISA survey is conducted annually among 400,000 school pupils across 57countries, and evaluates the capacity of 15-year old schoolchildren tounderstand and solve academic problems.
It also provides insights into the reading ability and mathematical knowledgeof schoolchildren.
PISA Score (points)
553
529521
514 510 509 505 504 502 501 500
450
500
550
600
Finlan
d
Canada
Netherlands
Switzerland
Belgium
Irelan
d
Germany
Sweden U.
K.
Denmark
OECD
Average
Source: OECD
2007
A World Leader in YouthAcademic Performance
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The Worlds Best-EducatedWorkforce
The overall skill level of Canadas workforce ranks high among competing
countries.
Canada has one of the highest percentage of individuals achieving at leastcollege or university education, among OECD member countries.
Higher Education Achievement
56.755.0
54.0 53.051.2
50.0
44.042.0 42.0 42.0
41.0 41.0 40.5
30
35
40
45
50
55
60
Singapore
Canada
Japan
South
Korea
Taiwa
nIsrael
NewZealand
Belgium
Irelan
d
Norway
Denmark
France
Hong
Kong
%
Source: IMD, World Competitiveness Yearbook 2009
T t h M t T i i
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Top-notch Management Training
Canada ranks among the top-ten in a 134-country study of locally availablemanagement education in first-class business schools. (see chart below)
In addition, five Canadian schools of management are ranked among the top 100
in the world according to the Financial Times (UK) Global MBA rankings for 2009.University of Toronto (Rotman) 47th; University of Western Ontario (Ivey) 47th;
York University in Toronto (Schulich) 49 th; University of British Columbia (Sauder)71st ; and University of Alberta 77th.
*Standing among 134 countries. Index based on the quality of Management education in first-class
business schools.Source: Global Competitiveness Report, 2008-2009
Management Education* World Rank
10th
9th
8th
7th
6th
5th
4th
3rd
2nd
1st
France
Switzerlan
U.S.
Canada
Belgiu
Spain
Singapor
Denmar
Finlan
Netherlan
Ran
State of the Art Venues for
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State of the Art Venues forScientific Research
Canada ranks second behind the U.S. among the G-7 and fourth in a 134-country
review of the quality of scientific research undertaken in government anduniversity laboratories.
*Standing among 134 countries. Index based on the quality of scientific research in government anduniversity laboratories. Source: Global Competitiveness Report, 2008-2009
Quality of Scientific Research Institutions* World Rank
10th
9th
8th
7th
6th
5th
4th
3rd
2nd1st
U.S.
Switzerlan
Israel
Canada
Belgiu
German
U.K.
Australia
Finlan
Netherlan
Ran
Among Leaders in IT Industry
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Among Leaders in IT IndustryCompetitiveness
Canada ranks third behind the U.S. and the U.K. among the G-7 and sixth in a 66-
country review of the countries best suited to provide an optimally competitiveenvironment for information technology (IT) firms.
*Standing among 66 countries. Index based on the following six categories of quantitative andqualitative indicators: overall business environment; IT infrastructure; human capital; legal
environment; R&D environment; and support for IT industry development. Source: EconomistIntelligence Unit, September 2008.
IT Industry Competitiveness Index* World Rank
10th
9th
8th
7th
6th
5th
4th
3rd
2nd
1st
U.S.
Taiwa
nU.K
.
Swedem
Denmark
Canada
Australia
South
Korea
Singapore
Netherlands
Rank
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PC and Internet Users
Canada is second to the U.S. among the G-7 in terms of personal
computers and second to Japan among the G-7 with respect to Internetusers per capita.
Source: IMD, World Competitiveness Yearbook 2009
Internet Users
Per 1,000 Inhabitants
774 773 771
736
691
643 642
500
550
600
650
700
750
800
Japan
Canada U.
S.U.K.
Germany
France
Italy
Personal Computers
Per 1,000 Inhabitants
869
819
771750
701
673
612
500
550
600
650
700
750
800
850
900
U.S.
Canada U.
K.
Germany
FranceJapan Ita
ly
And Manufacturing Sector
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Canada ranked 3rd in the G-7 and 14th in a 110-country study measuringinnovation performance in the manufacturing sector.
Canada stood in the top tier, ranking ahead of traditionally stronginnovators such as Britain (15th), Israel (16th), Germany (19th), France(20th) and Australia (22nd).
And Manufacturing SectorInnovators
International Innovation Index* World Rank
38th
20th19th
15th14th
9th8th
U.S. Japan Canada U.K. Germany France Italy
Index
*Standing among 110 countries. Index based on government support for innovation - through tax and educationpolicies, and the quality of infrastructure; the performance of innovative companies, measured by factors such ashigh-tech exports, the amount of intellectual property generated and employment growth.Source: The Innovation Imperative in Manufacturing How the United States Can Restore its Edge, BostonConsulting Group, March 2009
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Sound Financial Institutions
With the world in the midst of the current financial crisis, investors can take comfortin the fact that Canadian banks are generally healthy with solid balance sheets andleast likely to require a government bailout in the event of a major economic
downturn.
In a recent study, five Canadian banks were listed among the worlds 50 safestbanks: Royal Bank of Canada (10th), Toronto Dominion Bank (14th), Scotiabank (23rd),Bank of Montreal (33rd) and CIBC (43rd).**
*Standing among 134 countries. Ranking based on the degree of soundness of financial institutions. Source:Global Competitiveness Report, 2008-2009** Standing among 500 world banks based on total assets and long-term credit ratings. Source: Global FinanceMagazine , February 2009
Soundness of Banks* World Rank
10th
9th
8th
7th
6th
5th
4th
3rd
2nd
1st
Canad
Swede
Luxembo
Australi
Denm
ar
Netherlan
Belgiu
NewZeala
Irelan Ma
lta
Ra
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With Superior Credit Ratings
Canadian banks rank first among the G-7 in terms of their intrinsic credit
worthiness. (see chart below)
In addition, Moodys Investors Services raised Canadas credit rating to AAA(the highest rating) in May 2002 in response to Canadas improved fiscalbalance sheet and excellent long-term growth prospects. Similarly in July2002, Standard & Poors raised Canadas long-term foreign sovereign creditrating to AAA. These ratings have since been maintained.
Source: Moody's Financial Services, May 2009 B= Strong, intrinsic financial strength C = Good
D = Adequate E = Very weak
Moody's Average Bank Financial-Strength Rating
Canada
U.S.
France
Italy
Germany
Japan
U.K.
E E+ D- D D+ C- C C+ B- B
F d L ki F k
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Forward-Looking FrameworkPolicies
The economic policies of the Government of Canada are focused on
making Canada a world leader in the global knowledge-based economy ofthe 21st century. Commitments include:
making broadband Internet access available in all communities by2009.
becoming one of the top five countries for research and developmentby 2010.
shaping a National System of Innovation.
providing marketplace frameworks/services benchmarked against thebest in the world.
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The Government of Canada has numerous policies/programs aimed atbuilding the knowledge infrastructure. Examples include: Canadian Networkfor the Advancement of Research, Industry and Education (CANARIE), andCo-operative sectoral research programs (PAPRICAN).
Canada leads the G7 in public sector R&D investment as a share of GDP.The public sector currently finances 85% of primary research in Canada.
The Government of Canada will spend over $2.7 billion in 2008-2009 insupport of research and development conducted in post-secondary
institutions. The Government spends more than $2 billion each year on itsown research activities.
The SR&ED Program provides more than $2.5 billion in support of Canadianprivate sector innovation and is accompanied by more than $15 billion ininvestments by claimants each year.
Since its creation in 1997, the Canada Foundation for Innovation hasinvested $4.5 billion in more than 6,000 research projects in 129 Canadianuniversities, colleges, research hospitals, and research institutions in 64
municipalities. Source: Canada Foundation for Innovation, January 2009.
Forward-Looking Support forInnovation Programs
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Canada -A Strategic
Choice
An Excellent
Place to Live
A Champion in Attracting Capital and
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p g pTalent through Immigration andInvestment
Canada ranks first in a 60-country study that measures the potential of a countryas an ideal place to live, work, study and invest.
Immigration/Investment Index*
62.3
61.1 61.1 61.0 60.7 60.5
59.659.0
57.757.1
55
56
57
58
59
60
61
62
63
64
65
Canada U.
K.U.S.
Switzerland
Germany
France
Australia
Sweden Ita
ly
Japan
Immigration/InvestmentS
cor
Index ranging from 0-100 based on five components of a countrys potential forimmigration and investment: (a) Willingness to live and work for a substantial period inthe country; (b) Quality of life; (c) Good place to study for educational qualifications; (d)The country has businesses Id like to invest in; (e) Equal opportunity.
Source: Red Hot Locations, London U.K. 2009
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Best Overall Quality of Life
Canada has the best overall quality of life among the G-7.
Source: IMD, * Rank among 55 economies considered in the World CompetitivenessYearbook 2008.
Quality of Life Index*
9.27
8.89
8.53
8.17
7.166.90 6.86
6.0
6.5
7.0
7.5
8.0
8.5
9.0
9.5
10.0
Canada Germany U.S. France U.K. Japan Italy
Inde
E ti l Q lit f Lif i
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According to a recent annual quality-of-life ranking of 215 world cities, four
Canadian cities ranked among the top 25.
Source: Mercer Human Resources Consulting: April 2009
Exceptional Quality of Life inCities
With E ti l H lth &
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According to a recent annual health and sanitation ranking of 215 world cities,five Canadian cities ranked among the top 25 with Calgary topping the list and
Ottawa ranking 4th.
Source: Mercer Human Resources Consulting: April 2007* Hospital Services; Medical Supplies; Infectious Diseases; Water Portability; Troublesome
and destructive animals/insects; Waste Removal; Sewage and Air Pollution
With Exceptional Health &Sanitation* Standards
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A Vast Arable Landscape
Source: IMD, World Competitiveness Yearbook 2009.
Arable Land(Thousands of Square metres per capita)
15.86
5.66
3.17
1.65 1.47 1.010.36
0
5
10
15
20
Canada U.S. France Italy Germany U.K. Japan
Canada ranks highest in the G-7 and second with respect to the area of availableland for agricultural usage on a per capita basis.
Backed by a Strong
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Backed by a StrongEnvironmental Record
As measured by the Environmental Performance Index (EPI), Canadas ranks
2nd in the G-7 and 12th in a 149-country study in terms of effectively reducingenvironmental stresses on human health and promoting ecosystem vitalityand sound natural resource management.
* Perfect EPI Score = 100. Country rank based on twenty-five indicators tracked in sixestablished policy categories Environmental Health, Air Pollution, Water Resources,Biodiversity & Habitat, Productive Natural Resources, and Climate Change.Source: Yale Center for Environmental Law and Policy, January 23, 2008
Environmental Performance Index* 2008
87.8
86.686.3 86.3
84.584.2
81.0
80
85
90
France Canada Germany U.K. Japan Italy U.S.
Inde
A Leader in Human
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A Leader in HumanDevelopment*
In the latest United Nations Human Development Report, Canada ranked
first among the G-7 countries and third among 179 countries surveyed.
*Standing among 179 countries. Index based on achievements in terms of life expectancy, educationalattainment, and adjusted real income.Source: United Nations Human Development Report 2008-2009, December 18, 2008
Human Development Index* World Rank
23rd21th
19th
15th
11th8th
3rd
Canada Japan France U.S. Italy U.K. Germany
Index
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Among Model Nations of Peace
According to the Global Peace Index, a recently released measure by the
Economist Intelligence Unit, Canada ranked second in the G-7 andeleventh among 140 countries surveyed.
*Standing among 140 countries. Index ranking countries based on peacefulness, both domesticallyand abroad using 24 indicators, including the number of soldiers killed overseas, the level of violentdomestic crimes and relations with neighbouring countries.Source: Economist Intelligence Unit, May 2008
Global Peace Index* World Rank
97th
49th
36th
28th
14th11th5th
Japan Canada Germany Italy France U.K. U.S.
Inde
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A Safe and Just Society
Canada is among G-7 leaders in terms of the safest place to live and conduct
business with the most fairly administered judicial system.
Source: IMD * Confidence that person and property is protected. Rank among 55 economies considered inthe 2008 World Competitiveness Yearbook.**Degree of fairness of the judicial system in Society. Rank among 55 economies considered in the 2008
World Competitiveness Yearbook.
Security* World Rank
8.58.3
8.1
7.8 7.7
6.1
5.7
5.0
5.5
6.0
6.5
7.0
7.5
8.0
8.5
9.0
German
Canada
Japan
U.S.
France
U.K.
Italy
Inde
Justice** World Rank
8.38.1
7.57.2 7.1
6.9
3.5
3.0
4.0
5.0
6.0
7.0
8.0
9.0
German
Canada
Japan
France
U.K.
U.S. Ita
ly
Inde
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A Land of Equal Opportunity
Canada ranks first among the G-7 in providing equal opportunities for
individuals.
Source: IMD * Race, gender, family background does not pose a handicap forcompetitiveness.Rank among 55 economies considered in the 2008 World Competitiveness Yearbook.
Equal Opportunity* World Rank
7.5
6.8
6.4
6.16.0
5.6
5.2
4.0
4.5
5.0
5.5
6.0
6.5
7.0
7.5
8.0
Canada U.S. J apan France Germany U.K. Italy
Inde
And a Society Rich in
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yMulticulturalism
Canada has one of the worlds most multilingual societies with over 200languages identified as the mother tongue.
While there has been a decline in the proportion of the Canadian populationwhose mother tongue is one of the two official languages, there has been anoverall increase in the proportion of the population whose mother tongue isneither English or French from 18.0% in 2001 to 20.1% in 2006.
Source: Statistics Canada, 2001 and 2006 Census * based on mother tongue. **
includes Cantonese and Mandarin
Top Ten Spoken Languages in Canada*(% of Population)
0.
7
0.
9
0.
9
1.
2
1.
2
1.
5
1.
53.
3
22.
1
57.
8
0.
8
0.
7
0.
7
0.
9
1.
0
1.
5
1.
72.
9
22.
9
59.1
0
10
20
30
40
50
60
Portuges
Tagalog
ArabicSpanish
Punjabi
German
ItalianChinese**
French
English
%
2006 Census 2001 Census
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Canada A Strategic Choice
Canadas economic fundamentals and relative cost advantages provide a first-rate
business environment. Canada offers:
Solid Economic Fundamentals
Low inflation and low interest rates
Easy Access to Markets
Geography and NAFTA provide easyaccess to the worlds most prosperous
market
A Cost-Competitive BusinessEnvironment
Competitive tax system(particularly for R&D)
Think Dynamic. Think Competitive. Think BottomLine.
Think Canada.
An Energetic and WelcomingInfrastructure
Ease in establishing a new business
The worlds best-educated workforce
Strong technological environment
Forward-looking framework policies
An Excellent Place to Live
Superb overall quality of life
A strong environmental record
A society rich in multiculturalism
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Invest in Canada
Through Canadian diplomatic missions around the world, and with direct
access to investment contacts at national, provincial and municipal levelswithin Canada, the Invest in Canada Bureau of the Department of ForeignAffairs and International Trade Canada is well positioned to assist inattracting and expanding your investment. We invite you to explore allthat Canada has to offer.
Please contact your local Canadian Embassy,High Commission or Consulate, or write to us at:
Foreign Affairs and International Trade CanadaInvest in Canada Bureau,111 Sussex Drive, 3rd FloorOttawa, Ontario, Canada K1A 0G2E-mail: [email protected]
www.investincanada.gc.ca
Think Canada! is prepared by Arif Mahmud,Invest in Canada Bureau.