Canada’s strong standing within the global economy positions the country as a global trade hub

The Economist Intelligence Unit (EIU) leads the world in business intelligence by providing businesses, financial sectors, and governments with an understanding of where the world is headed, potential opportunities and risk factors across 200 countries worldwide.

Canada’s strengths in business markets

According to the EIU, for the forecast period of 2019-2023, Canada ranks first among the G7 countries for its business environment, while the U.S. trails in third. This is due in part to three factors: protecting key industries such as service, energy and manufacturing; investing in innovation; and developing a workforce that is highly regarded globally. And by welcoming immigrants from more than 150 countries, Canada’s supply of talent is boundless.

Canada around the globe

Canada is positioned to be the hub for global trade within North America. With trade agreements such as the Canada-United States-Mexico Agreement (CUSMA), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Canada-EU Comprehensive Economic and Trade Agreement (CETA), Canada is set to be the only G7 country with free trade access to the Americas, Europe, and Asia-Pacific.

In 2018, Canada saw the highest FDI inflow increase among the G7 nations. Canada continues to remain a strong force in today’s global economy and a place where businesses can feel confident setting up shop.

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November 7, 2019

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