The oil and gas sector is one of Canada’s most lucrative sources of energy. Presently, Canada prides itself in about 171 billion barrels of oil reserves, out of which the greater percentage -64% is in oil sands reserves.
A report by Statistics Canada revealed that the Canadian economy grew by 0.7 percent in January.
On Tuesday 6th of March, the International Monetary Fund applauded Canada and declared its high hopes in the economy’s ability to win over the effects of the covid-19 pandemic faster than most advanced economies around the globe. This upgrades the market outlook in Canada for the coming years.
In what is being described as a “transformative” move, Canadian Pacific Railway has agreed to buy United States’ Kansas City Southern for $25 billion in a cash-and-shares deal.
Canada is uniquely blessed with oil and natural gas resources. The Western Canada Sedimentary Basin (WCSB) is the largest source of oil and gas in Canada. The area covers Northern British Columbia, most of Alberta, Southern Saskatchewan, and the Southwestern tip of Manitoba.
Tourism is a vital part of the Canadian economy, providing employment and stimulating economic development in every province. It generates over CAD 100 billion in tourism spending each year, accounting for 2.1 percent of Canada’s GDP and 3.1 percent of total exports. It directly supports 739 700 jobs or 3.9 percent of total employment. In 2018, travel exports accounted for […]
The Land of Maple Leaf, Canada, has become the best country in the world. This is according to the 2021 Best Countries Report. Canada’s moved from number two in 2020 to take over the position from the incumbent country, Switzerland, which has held the title since 2017. Using 76 various metrics, the report evaluated 79 nations of the world, taking […]
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.
Canadian FDIs to Reap as Minister of Innovation, Science and Industry holds first bilateral meeting with U.S. Secretary of Commerce
On March 17, 2021, The Canadian Minister of Innovation, Science and Industry, Honourable François-Philippe Champagne, met virtually with Gina Raimondo, United States Secretary of Commerce. Their discussion included building back a Renewed U.S.–Canada Partnership launched by Prime Minister Justin Trudeau and President Joe Biden following their virtual meeting on February 23, 2021.
Their iconic exchange included plans
Canada remains the delight of investors. The country ranks 23rd out of 190 countries in the World Bank’s 2020 Doing Business report.
Potential investors interested in expanding or relocating their business to Canada can take advantage of FDI Canada Forum, a platform for investors worldwide to know more about Canada’s investment opportunities.