Invest in Canada | Foreign direct investment to build our communities

What do Ubisoft, Siemens, Rio Tinto and Nova Bus have in common? Foreign direct investment, that is, the investment of capital in Canada by companies originating from other countries in order to gain a foothold or expand their presence at the local level. “We are talking about companies that open subsidiaries and branches, build factories, create jobs, contribute to the economy, to the development of communities and to innovation,” summarizes Mitch Garber, businessman from Montreal and chairman of the board of the Director of Invest in Canada. Here is an overview of these benefits from coast to coast.

Posted at 9:30 am.

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Creating sustainable and quality jobs

Half of last year’s foreign direct investment came from global companies already present in Canada. These data show that when such companies decide to settle in a country, they stay there for a long time. In 2019, about 2.5 million Canadians worked for large foreign corporations. Example: The French company Ubisoft has eight studios in the country, including five in Quebec.

Ubisoft Sherbrooke

Typically, foreign investment is aimed at attracting a highly skilled labor force, for example, in the field of technology, programming or biotechnology. Thus, after many years of training, our young people are rewarded with attractive career prospects that match their efforts.

Mitch Garber, Chairman of the Board, Invest in Canada

Enrich the local economy

A total of 736 investment projects were announced in 2021 with an average value of $65.5 million each. And the interest of transnational corporations is not only interested in Montreal, Toronto or Vancouver.

Canada is the sum of our cities and provinces, each with its own strengths. These are the people who make buses at Nova Bus in Saint Eustache and materials for the future at Elkem in Saguenay, not to mention Ubisoft’s video game mega-production in Sherbrooke, Piedmont, Chicoutimi, Quebec and Montreal.

Mitch Garber, Chairman of the Board, Invest in Canada

photo: Those same Canadians

Bus Nova

Quebec-specific expertise

There is no shortage of such assets in Quebec. Its port facilities along the St. Lawrence River, its culture and language make it an ideal staging post between North America and Europe. First of all, the province of Belle is famous for its experience in many areas of the future.

Quebec is a real leader, especially in the field of artificial intelligence, video games, pharmaceuticals, energy and electrification of transport. The influx of new foreign capital allows these sectors to flourish even more.

Mitch Garber, Chairman of the Board, Invest in Canada

Canada as a destination of choice

Canadians can be proud to live in an attractive location for foreign investment. Their country is already a world leader in many industries such as agriculture, timber and energy. Foreign investment is helping to maintain Canada’s position in promising industries by funding innovation in areas such as clean energy, advanced agricultural technology and manufacturing, and artificial intelligence, a key area for Quebec.

photo: Those same Canadians

Elkem Saguenay

Investing in Canada: A Source of Wealth for the Whole Country

Many cities and provinces were already very well prepared to attract foreign investment. The desire was to create an organization that would add a national perspective by identifying and attracting investment opportunities that would benefit Canadians from coast to coast. The federal agency Invest in Canada fulfills this role by promoting the country as a whole and then working closely with local stakeholders to arrange meetings and negotiate agreements.

Our priority is to provide investments that benefit the country, create jobs and economic benefits for Canadians. We are looking for the best; reliable and high-quality investments.

Cathy Curran, Interim CEO, Invest in Canada