Canada :: essays research papers

Investing In CanadaInvesting In Canada - Factors that are attractive for need putment inCanada.Canada is the second 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 quin largest fresh water lakes inthe world with the United States. Known as the Great Lakes, they give a routeto the Atlantic via the St.- Lawrence Seaway, permitting direct admission charge tointernational marts. more than international companies are investing in Canada. The stock of unknowndirect investment (FDI) in Canada has increased steadily over the past fiveyears to reach over $130 billion last year. Investor dominance is high. internationalist companies are discovering what firms in the United States haveknown for decades it pays to invest in Canada. There is a government commitment to attract foreign direct investment. Canadas government provides a competitive, welcoming climate for international business. It is move to fiscal responsibility, deficit reduction and job creation.The following are around essential points all of which prove Canada is a favorablechoice domestic market wage competitiveness work force quality International business skills raw materials energy costs infrastructure business operate and legal environment.Domestic MarketCanadas per capita purchasing power is second solitary(prenominal) 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 infra two per cent andforecast to remain low. Cost of money is deject 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 Trade Agreem ent (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 rate of the Canada-Mexico-U.S. market was inexcess of $8.5 trillion.Competitive Wages and Benefit orderMany international corporations find the Canadian work force to be highly cost-effective. On average, wages in Canadas business centers are overturn than thosein nearly all major business centers around the world. hourly wages of Canadianproduction workers have risen only 5.4 part 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 tend Force