The United Nations has designated Canada as the very best place in the world to live for seven straight years. Canadians enjoy living in a clean, safe and civil society. The North American Free Trade Agreement has turned Canada into the best place from which to serve all North American markets - including U.S. markets. The flow of U.S. direct investment into Canada has increased from an annual average of $3.2 billion during 1988-1993 to $16.5 billion during 1994-1999. Many important international firms are now expanding their presence in Canada. Foreign direct investment in Canada has nearly doubled since 1988. Canada’s beauty and plentiful natural resources too often obscure the fact that it is home to one of the most technologically advanced economies in the world. The Canadian resource sector has always been strong but now it is extremely technologically advanced - this sector’s exciting productivity gains are one reason that resource exports are still vital to the Canadian economy. There are reasons investment is coming to Canada. Canada offers: • one of the most technologically advanced countries in the world • plentiful natural resources • a bounty of energy resources; hydro supplies 64% of Canada’s total electrical power, with another 20% supplied by thermal generating plants and 16% by nuclear plants • average annual electricity costs are 28% lower in Canada than the U.S. • first-class educated skilled workers at reasonable wages • generous research & development write-offs • national health care system; costs approximately one-fifth of U.S. health benefits • lowest business costs of any country in the G-7 – Investment Partnerships Canada (Industry Canada and Department of Foreign Affairs) Visit http://www.investincanada.gc.ca/ Canada’s most comprehensive internet site for investment in Canada.
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