Contributed to The Globe and MailDefying global patterns, Canada’s attraction of foreign direct investment in 2018 increased by an impressive 60 per cent.
Historically, the United States has been the dominant force behind investment into Canada. But last year, non-U.S. FDI in Canada increased by more than 300 per cent, reducing our dependence on U.S. capital investment, which at 42 per cent of the total is well below its 10-year average of 53 per cent.
Yet what’s even more important to global capital flows is talent – the new currency attracting more and more investors. Again, Canada is leading the way. Our universities, colleges and vocational institutions continue to produce top-tier talent that fuels this country’s growth. Canada is showcasing its global leadership in other sectors that will not only shape the 21st century but also attract more FDI along the way. These sectors – framed by the federal government’s Supercluster Initiative – include digital technology, protein industries, advanced manufacturing, AI and ocean sciences. Hundreds of Canadian and multinational companies are collaborating in clusters across the country to create innovative products, services and solutions for the global economy.
globebusiness I think the globe and mail just earned a healthy media funding support grant
globebusiness Because the foreign investors love LPC policies and Justin Trudeau.
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