Canada Remains Destination of Choice for Global Investment
- Invest in Canada’s FDI Report 2020 finds Canada navigated the challenges of the pandemic better than many other developed countries.
- With global foreign direct investment (FDI) flows projected to increase up to 15% in 2021 and up to 20% in 2022, Canada is in a position to capitalize on its leadership in key sectors such as clean technology, agri-food and gaming.
- Over the past 10 years, FDI into Canada has grown an average of 8.1% per year, indicating continued confidence by global companies in Canada as a destination of choice to invest.
Ottawa, October 5, 2021 – As the COVID-19 pandemic led to unprecedented loss around the world, Canada was not exempted. Over the past year, global investment flows suffered a sharp 35% decline as lives and livelihoods were upended. Yet against this gloomy backdrop, Invest in Canada’s FDI Report 2020 (LINK) released today shows that Canada fared much better than many of its counterparts in the G7 and across the developed world.
According to the report, Canadian companies have successfully adapted to the changing needs of global consumers. This includes producing plant-based proteins, developing new hydrogen technologies and applications, and building up the country’s electric vehicle and battery supply chain. Moving forward, FDI can help continue to spur innovation and create highly skilled and well-paying jobs in communities across Canada.
Global investors continue to refocus their long-term investments on sectors that display strong commitments to environmental, social and governance principles. The report shows investors are choosing Canada as a go-to destination for FDI in the new world economy, thanks to its vast territory, abundant resources, prosocial values, remarkable quality of life and highly skilled workforce.
- Global investors announced 545 investments in Canada in 2020 for a total of $32.3 billion, including:
- 299 FDI projects
- 246 cross-border mergers and acquisitions (M&As)
- 32,134 jobs forecasted (34.8% increase over 2019, excluding M&As)
- All G7 countries saw FDI drops in 2020, with the United Kingdom (–56.6%) and Italy (–102.1%) experiencing the most significant decreases.
- Over the past 10 years, FDI into Canada has grown an average of 8.1% per year, indicating continued confidence by global companies in Canada as a destination of choice for global investment.
- In 2020, investment inflows to Canada came from 46 countries, with 70% of confirmed FDI flows coming from the United States, Netherlands, United Kingdom, France and Brazil.
- In 2020, Invest in Canada directly supported 14 major investment projects valued over $1.2 billion from global companies in the U.S., Europe, Asia and Australia, creating over 1,800 jobs —with more to come.
About Invest in Canada
Invest in Canada is the country’s global investment attraction and promotion agency. It is uniquely positioned to seek out the most committed and best qualified sources of FDI to invest here at home, and in so doing, help build a prosperous, sustainable economy for our communities, our country, and our world.
Invest in Canada has offices across every region of the country, providing customized services to global investors such as investment support — including strategic market research on specific industries—introductions, and regulatory and government affairs support.