Investing In Canada Essay

2794 words - 12 pages

Incentives about investing in canada good workInvesting In Canada- Factors that are attractive for direct investment in Canada.Canada is the second largest country in the world, occupying close to 10 million square kilometres of land bounded by the Atlantic, Pacific and Arctic oceans. Canada shares a 6,000 kilometre border and the five largest freshwater lakes in the world with the United States. Known as the Great Lakes, they provide a route to the Atlantic via the St.- Lawrence Seaway, permitting direct access to international markets.More international companies are investing in Canada. The stock of foreign direct investment (FDI) in Canada has increased steadily over the past five years ...view middle of the document...

Further, the Canada-U.S. Free Trade Agreement (FTA), together with the North American Free Trade Agreement (NAFTA) which came into force on January 1, 1994, gives Canadian-based companies an unparalleled access to 365 million people, forming an economy larger than that of the European Community. The combined 1993 GDP value of the Canada-Mexico-U.S. market was in excess of $8.5 trillion.Competitive Wages and Benefit Rates:Many international corporations find the Canadian work force to be highlycost-effective. On average, wages in Canada's business centers are lower thanthose in nearly all major business centers around the world.Hourly wages of Canadian production workers have risen only 5.4 percent since 1990. Canadian manufacturing wage rates showed the second slowest growth among G-7 countries in 1992, averaging 2.6 percent. In contrast, hourly increases in Britain and Germany have been 12.4 and 14.3 percent, respectively.Educated and Skilled Work ForceThe cost-effectiveness of the Canadian work force becomes especially apparent in the high level of skills and education of the workers. Canada leads the G-7 countries in advanced education, with about two-thirds of its 20 to 24-year-olds enrolled in post-secondary education.Canada's 67 universities and colleges produce more than 25,000 graduatesannually in engineering, the applied sciences, the physical sciences andmathematics, while its technical institutes provide 11,000 graduates annually in areas relating to electronics and telecommunications.Canadian operations enjoy low turnover and absenteeism rates, and the days lost to work stoppages have been cut by more than one-half in the past two years. Major international firms have also won many productivity improvements in their Canadian operations through work place initiatives in labor-management relations.International Business SkillsCanada is a land of immigrants. Employers will find pools of experienced workers who also offer fluency in foreign languages, knowledge of international cultures and business practices, and networks of business contacts in the key Asian, European and American markets.Canada is an effective bridge between North America and Europe. Canadianbusiness practices and laws are a blend of American and European cultures.Canada's metric system of measurement means that Canadian manufacturers can readily meet requirements for European standards and measures. In addition, new government initiatives, such as the Skill Investment Program, are further enhancingCanada's ability to train and retrain workers for tomorrow's growth industries.Abundant Raw MaterialsCanada's rich mineral reserves and natural resources, coupled with itscost-effective ability to extract and harvest, enable Canada to be a leader inexports of both raw and processed commodities. Canada is the world's topproducer of newsprint and zinc, as well as the second largest producer of nickel, pulp and potash.Canadian-based processors and manufacturers can enjoy...

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