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Foreign Direct Investment in Canada Thrives Amidst the Pandemic

Foreign Direct Investment in Canada Thrives Amidst the Pandemic

On May 11, 2020, Canada’s federal government announced the Large Employer Emergency Financing Facility (LEEFF) establishment, which proffers a conduit financing of up to $60 million or more to companies with annual revenues generally $300 million or higher.

On the same day, the Business Credit Availability Program (BCAP), which had been instituted in the pandemic earlier on, to provide more than $10 billion of extra support to mostly small and medium-sized businesses, got expanded to include mid-sized companies with larger financing needs. The program includes up to $60 million per company and guarantees up to $80 million. This was administered through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC).

As the world looks into emerging from the economic hazard caused by the pandemic, Canada will remain in the frontline for foreign direct investment.

According to Analyst Francis Campbell, “Global businesses need to grow while minimizing risk, which is why foreign investors will continue to choose Canada for both its tremendous opportunities and stability. Canada’s economy is known for its resilience in the past and the economic transition it enjoys through the pandemic changes. If you are a foreign investor interested in what Canada can offer you, learn more at www.fdicanadaforum.events  

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