Minister Morneau to UK Investors: “Now Is the Time to Invest in Canada”
November 16, 2016 – London, United Kingdom – Department of Finance Canada
Canada is welcoming investment from around the world to create long-term growth and well-paying jobs that will benefit families that make up Canada’s middle class and those working hard to join it.
Finance Minister Bill Morneau today concluded a two-day trip to London, where he told international investors that there is no better time than now to invest in Canada.
In an address to the UBS European Conference today, Minister Morneau showcased Canada as a premier destination for global investment. He explained how Canada’s approach to long-term growth involves putting people first and helping Canadian middle class families get ahead and thrive.
The Minister highlighted new measures from the Government of Canada’s recent Fall Economic Statement, aimed at attracting investment and talent from around the world. The new Canada Infrastructure Bank, Global Skills Strategy and Invest in Canada Hub will forge international partnerships and attract global talent and investment that will allow businesses to grow and create good, well-paying jobs for Canadians.
The Minister made similar points during the Long-Term Investor Summit in Toronto earlier this week, where he spoke about the advantages of investing in Canada.
“There has never been a better time to invest in Canada. Our country stands in a unique place in the world with our capacity and willingness to invest in our middle class and to be open to international investment and talent that will grow our economy in a way that benefits everyone.”
- Bill Morneau, Minister of Finance
Canada is a great place to do business:
- Nearly two-thirds of the working-age population has a post-secondary education, the best among members of the Organisation for Economic Co-operation and Development
- Best availability of skilled labour in the G20 (IMD World Competitiveness Center)
- One of the soundest banking systems in the world (World Economic Forum)
- Best place for doing business in the G20 (Forbes, Bloomberg)
- Lowest total business tax costs in the G7, 48 per cent lower than in the U.S. (KPMG)
- Lowest overall business costs in the G7, 15 per cent lower than in the U.S. (KPMG)
- Free trade agreements with major world markets
Media may contact:
Office of the Minister of Finance
Department of Finance Canada