Canada :: essays research papers

Investing In CanadaInvesting In Canada - Factors that are attractive for direct investment inCanada.Canada is the min largest country in the world, occupying close to 10 millionsquare kilometres of land bounded by the Atlantic, Pacific and Arctic oceans.Canada shares a 6,000 kilometre border and the phoebe bird largest freshwater lakes inthe world with the United States. Known as the Great Lakes, they provide a routeto the Atlantic via the St.- Lawrence Seaway, permitting direct access to international merchandises. more international companies are investing in Canada. The stock of foreigndirect investment (FDI) in Canada has increased steadily over the past five old age to reach over $130 billion last year. Investor confidence is high.International companies are discovering what firms in the United States haveknown for decades it pays to invest in Canada. on that point is a government commitment to attract foreign direct investment. Canadas government provides a competitive, w elcoming climate for international business. It is committed to fiscal responsibility, deficit reduction and job creation.The following are some essential points every(prenominal) of which prove Canada is a favorablechoice Domestic market wage competitiveness cream force quality International business skills raw materials energy costs infrastructure business services and legal environment.Domestic MarketCanadas per capita purchasing mogul is back up only to that of the United States,among the G-7 countries, and the OECD expects Canada to lead the industrializedcountries in near-term economic growth. Inflation is below two per cent andforecast to remain low. Cost of coin 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 ofthe Canada-U.S. market. Further, the Canada-U.S. Free Trade Agreement (FTA),together with the North American Free Tra de Agreement (NAFTA) which came intoforce on January 1, 1994, gives Canadian-based companies an unparalleled accessto 365 million people, forming an economy larger than that of the EuropeanCommunity. The combined 1993 GDP value of the Canada-Mexico-U.S. market was inexcess of $8.5 trillion.Competitive Wages and Benefit RatesMany international corporations find the Canadian work force to be highly cost-effective. On average, wages in Canadas business centers are lower than thosein nearly all major business centers around the world. Hourly wages of Canadianproduction workers have risen only 5.4 percent since 1990. Canadianmanufacturing wage rates showed the second slowest growth among G-7 countries in1992, averaging 2.6 percent. In contrast, hourly increases in Britain andGermany have been 12.4 and 14.3 percent, respectively.Educated and Skilled Work Force