DOCSLIB.ORG

Canada: Innovation Is Driving Global Investments

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Canada: Innovation Is Driving Global Investments CANADA: INNOVATION IS DRIVING GLOBAL INVESTMENTS Canada’s energy sector is transitioning to a low-carbon future A look at innovative technologies and processes within progressive companies Focus on British Columbia, Alberta, Saskatchewan and Newfoundland and Labrador SPECIAL SUPPLEMENT TO PUBLISHED MARCH 2020 CANADA: CANADA. SWEEPING FORESTS, CASCADING MOUNTAINS, EXPANSIVE PRAIRIES, ROCKY COASTLINES—AND THE POWER TO TRANSFORM HIGH-CARBON ECONOMIES AROUND THE WORLD. The energy sector is at the heart of Canada’s environmental, economic and social agendas. Through hard work, ingenuity and collaboration, Canada is positioning itself as a leader in a world that is increasingly looking for the most sustainably sourced products. INNOVATING FOR A LOW CARBON FUTURE The country’s vast natural resources have GREATER MODERNIZATION MEANS helped to define Canada as a nation and GREATER OPPORTUNITY CANADIAN ENERGY shape us as a people, as a dynamic and Canada’s oil and gas industry adheres to some of the most stringent environmental AT A GLANCE innovative leader and as a global supplier and regulatory review processes on the of choice. planet. And through regulatory moderniza- tion we now have a space where industry Now, as the urgency for climate action and environmental leaders can work to- becomes the global challenge and necessity gether to drive down GHG emissions. of our time, Canada is undergoing a gen- erational transformation that is critical to Canada stands with Norway as the only two major oil-producing nations with carbon its success in attracting investors in this price systems in place. Canada is also century of clean growth. working with its provincial partners to cap % emissions from major development pro- 11 GLOBAL STRENGTH IN OIL AND GAS jects. And the Government of Canada’s of GDP Canada is the world’s fourth largest natural Oceans Protection Plan makes Canada a gas producer. It is home to the world’s largest world leader in marine safety and ensuring oil reserves open to private investment. responsible commercial shipping. And boasts one of the cleanest electricity These relatively recent measures build on grids. We also have a highly skilled work- 832K a foundation of progress. Over the past de- force that is bringing innovation and change Direct and cade, Canada has cut oil sands emissions indirect Jobs to Canada’s oil and gas industries. by 21% per barrel. New technologies could cut emissions further, by one-quarter in Canada is the only G7 country to have free the next decade alone. Electrification of trade agreements concluded with all other Canada’s gas and LNG operations using hydroelectricity will produce the world’s 165 G7 nations, giving us access to vast mar- cleanest LNG. Countries kets in North America, Asia, and Europe, trade energy with Canada making us the envy of the world. Add to CUTTING EMISSIONS, BOOSTING that a unique relationship with the United COMPETITIVENESS INDUSTRY HIGHLIGHTS States, tied together in part by over 30 Work is underway to put Canada on a Crude oil activities in Canada’s energy sector include exploration, drilling transmission lines and 70 pipelines. trajectory to have the world’s cleanest production, field processing, storing petroleum sector. Producers are spending and transporting oil. According to the International Energy billions on innovation, by themselves and Agency’s sustainable development scenario, through organizations like Canada’s Oil Globally, Canada is ranked: Sands Innovation Alliance and the Clean demand for petroleum products will exist for Resource Innovation Network. These efforts RD decades to come as global emissions must will develop new clean technologies to 3 largest oil reserves in the world decline. This opens a new world of oppor- mitigate environmental impacts on our air, TH tunity for leadership in cleaner production. land and water. 4 largest producer of oil in the world TH 4 largest producer of natural gas in the world TH in Cleantech Innovation The following pages tell a story about Canada’s innovation and environmental pledge. 4 They feature compelling reasons why investing in Canadian energy is the right choice, right now. Source: Natural Resources Canada 3 REDUCING EMISSIONS FROM HEAVY OIL EXTRACTION With heavy oil reserves shared by both provinces, LESS STEAM, LESS HEAT, FEWER GHG EMISSIONS Saskatchewan and Alberta have been leading research Innovation is characteristic of Canadian oil sands com- and development for decades into heavy oil extraction panies: less energy-intensive extraction technologies are technologies. constantly under development, with a recent emphasis on production that uses less steam. The heat required Progressive cavity pumps, which allowed for sand along to create steam in a process like SAGD, for example, has with heavy oil to be produced in heavy oil wells, and historically been achieved through the burning of natural steam assisted gravity drainage (SAGD) are both gas or other hydrocarbons and is the primary source of technologies that were developed and deployed in upstream GHG emissions. Western Canada. One approach has been to explore the use of solvent Meeting the technological challenges for oil sands pro- injection technologies. Solvents such as propane, butane, duction has resulted in some of the highest recovery methane and, significantly, CO2 have been trialed in rates in the world, with in situ methods ranging from heavy oil operations. Such solvents lower the viscosity 40-60% of oil-in-place, while open-pit mining typically of oil, allowing for more recovery with fewer emissions, exceeds 90%. For comparison, the average conventional since they require less or even no heat. well in Alberta yields 8%, while shale oil averages less than 10%. TALKING JIVE: REDUCING EMISSIONS USING SOLVENT INJECTION The Joint Implementation of Vapour Extraction (JIVE) program did field trials of solvent injection technologies in both Alberta and Saskatchewan between 2005 and 2011. Husky, Nexen and CNRL each tested different solvents and injection configurations. Those trials, and a concurrent research and optimization program managed by the Petroleum Technology Research Centre (PTRC), demon- strated that solvent extraction is technically viable and improves oil recovery while significantly reducing CO2 emissions. In cases where captured CO2 is used as the solvent, emissions are also reduced from affiliated indus- trial processes. Photo: NEXEN Plover Pilot Plant for solvent injection. Husky Energy has moved on to commercial deployment of CO2 solvent injection at its Edam, Mervin and Lashburn operations, with injected carbon dioxide captured from its nearby Lloydminster upgrader. 4 CANADA: INNOVATION AND OPPORTUNITY COAST-TO-COAST YUKON ESTABLISHED PRODUCTION AND TRANSPORTATION INFRASTRUCTURE Newfoundland and Labrador’s offshore STRINGENT ENVIRONMENTAL STANDARDS estimates: 52.2 billion barrels of oil and 200 GHG emissions per barrel of oil produced in the oilsands trillion cubic feet of gas. have fallen 21% over the last decade, notably as a result of technological and efficiency improvements. Significant work With an integrated system of coast-to-coast rail is underway to further reduce emissions in the sector. lines, a 760,000 km-long pipeline system and several expansion proposals, Canadian oil, gas and overall energy production is well connected NORTHWEST to domestic and export markets. TERRITORIES NUNAVUT BRITISH COLUMBIA ALBERTA ACCESS TO CAPITAL NEWFOUNDLAND When it comes to energy & LABRADOR listings, the Toronto Stock Exchange (TSX) ranks SASKATCHEWAN first among all exchanges globally, with 22% of the QUEBEC world’s public oil and gas MANITOBA PRINCE EDWARD companies listed in Canada. ISLAND ONTARIO UNITED STATES OF AMERICA NOVA SCOTIA NEW BRUNSWICK PROXIMITY TO MARKETS Canada is the largest supplier of crude oil and refined petroleum products to the United States and has active development in infrastructure for delivering crude oil and natural gas supplies to Asian and European markets. Liquefied natural gas (LNG) transportation OFFSHORE NOVA SCOTIA IS A PROVEN OIL AND GAS RICH REGION, from western Canada to east Asia is 14 days faster has been successfully producing natural gas for nearly 20 years. With a than from the U.S. Gulf Coast. potential for 120 trillion cubic feet of natural gas and 8 billion barrels of oil in its offshore area, the region is attracting investment interest from global companies. Its attractive shipping distances to world markets, deep tide water ports and pre-zoned industrial lands means Nova Scotia is also well positioned to become a contender for LNG export to international markets. (Source: Nova Scotia Department of Energy and Mines) 5 FOCUS ON: BRITISH COLUMBIA LEVERAGING CLEAN POWER TO PRODUCE THE LOWEST EMISSION LNG IN THE WORLD Traditionally known for its breathtaking natural beauty below most LNG-producing countries. This reduces the and abundant natural resources, British Columbia’s amount of energy required to cool the natural gas to proximity to Liquefied Natural Gas (LNG) customers, minus 260 degrees Fahrenheit, providing another plentiful natural gas and cool climate make it ideal for significant cost advantage. LNG investment. BRITISH COLUMBIA HAS SEEN MANY DECADES OF Located on the Pacific Ocean with more than 16,000 miles SUCCESSFUL LNG INVESTMENT of coastline, British Columbia is within ten days’ shipping Experienced LNG producers such as Shell, Chevron and distance to Japan and China, compared to 24 days from FortisBC have been operating in Canada for decades. the U.S. Gulf Coast. Without Panama Canal shipping FortisBC’s Tilbury facility has been producing LNG in costs, moving LNG to customers from British Columbia Delta, British Columbia since 1971. Shell and Chevron offers a distinct financial advantage. have successfully operated both oil and natural gas development and have headed the under-construction HYDROELECTRIC POWER CONTRIBUTES TO THE LNG Canada and proposed Kitimat LNG facilities, bringing WORLD’S LOWEST EMISSION LNG their decades of global LNG experience to these projects. The province also has abundant, clean hydroelectric power, thanks to many rivers, lakes, streams and considerable LNG projects in British Columbia have also focused rainfall.
Load more

Recommended publications
  • Invest in Canada an Overview Canada: Your Gateway to North America and the World
    2017 ELECTRONIC UPDATE INVEST IN CANADA AN OVERVIEW CANADA: YOUR GATEWAY TO NORTH AMERICA AND THE WORLD THROUGH NAFTA, INVESTORS IN CANADA GAIN PREFERENTIAL ACCESS TO A CONTINENTAL MARKET OF OVER US $21 TRILLION (GDP) WITH NEARLY 490 MILLION CONSUMERS EACH DAY, MORE THAN $2.4 BILLION WORTH OF TRADE CROSSES THE CANADA-US BORDER KEY FACTS ABOUT CANADA (2016) Population 36.5 million GDP $2.113 trillion GDP per capita $57,885 Exports of goods and services $628.7 billion Imports of goods and services $676.7 billion Consumer price inflation 1.6% Stock of Foreign Direct Investment in Canada $825.7 billion Stock of Canadian Direct Investment Abroad $1,049.6 billion Sources: Statistics Canada and International Monetary Fund. INVEST IN CANADA WHERE WE DELIVER BEST BUSINESS ENVIRONMENT IN THE G20 According to recent rankings from both Forbes1 and US News,2 Canada is the best country in the G20 for establishing business operations, and the Economist Intelligence Unit asserts that Canada is expected to be the second best country in the G7 for doing business over the next five-year period, from 2017 to 2021.3 Canada also holds the distinction of being the easiest location in the G20 to start a business, with the process requiring only two procedures and less than two days, according to the World Bank.4 For investors, Canada’s high global rankings demonstrate an environment that nurtures business growth. 1 Forbes.com LLC. Best Countries for Business 2017. 2 US News. Open for Business Rankings 2017. 3 Economist Intelligence Unit. Business Environment Rankings, 2017.
    [Show full text]
  • Canada's Robotics Industry
    CANADA’S ROBOTICS INDUSTRY With a 35% annual growth CANADA’S POSITION IN THE GLOBAL in robot orders from 2010-2015, Canada leads ROBOTICS VALUE CHAIN the North American rise The global robotics market is experiencing a push among large manufacturing, oil & gas, strong upswing in demand, with 2014 seeing automotive and electronics companies in in demand for robots, global robot sales increase by 29% (YoY) to Canada to reduce manufacturing labour with strong growth in the 229,261 units–by far the highest level ever costs has resulted in venture capital-funded recorded for one year.2 The automotive and start-up investments in Canada, and automotive, Unmanned electronics industries are the main drivers investments by key foreign companies in of this growth. Growing global demand for the Canadian marketplace. Canadian and Aerial Vehicle (UAV) and silicon-based products such as in-vehicle foreign robotics companies are also currently space segments1 electronics, together with new production working with the Canadian Armed Forces technologies, have brought about an (CAF), with increasing use of robots by first increased need for flexible automation and responders, within law enforcement agencies boosted investments in retooling of factories and on projects such as nuclear automation in these industries. and space exploration. In other sectors, such as distribution and Foreign investment in the robotics sector defence, bandwidth growth and command has seen a steady upswing in Canada, with & control capacity have resulted in new global incumbents such as ABB, Amazon delivery methods–leading to increased and General Electric making sizeable robot sales in these sectors. Health care is investments for their robotics divisions another sector which is seeing innovative in this country, paralleling the efforts of advances and an increased demand for local Canadian innovators such as MDA, Robotics is the branch of mechanical engineering, medical/assistive robots.
    [Show full text]
  • The Dragon Returns: Canada in China's Quest for Energy Security
    China Papers No. 19 The Dragon Returns: Canada in China’s Quest for Energy Security Wenran Jiang October 2010 Canadian International Council Conseil international du Canada www.onlinecic.org www.cicenligne.org China Papers No. 19 About the Author Dr. Wenran Jiang is Mactaggart Research Chair, founding Director of the China Institute (2005-2008) and Associate Professor of Political Science at the University of Alberta. He is a Senior Fellow at the Asia Pacific Foundation of Canada (APF Canada), Special Advisor on China to the Energy Council, Editorial Board member of Geopolitics of Energy, a Public Policy Scholar at the Woodrow Wilson International Centre for Scholars in Washington D.C. (September 2009–March 2010) and Project Leader of the Annual Canada-China Energy and Environment Forum (since 2004). Dr. Jiang has written extensively on the rise of China and its impact on the Chinese political economy and the rest of the world, with a major focus on the shifting balance of power in the global economy, international finance and energy and resource sectors. Dr. Jiang is also a Bloomberg- Businessweek online columnist, and his op-ed articles and opinions on East Asia and energy issues appear regularly in the Canadian and world media. He is currently completing a book on energy security and Chinese foreign policy. Acknowledgements The author would like to thank the CIC and APF Canada for their generous support. Yuen Pau Woo provided much needed guidance as the team leader of this report. Ron Richardson did a great job in editing the manuscript. Thomas Adams provided not only coordination throughout the project but also research and editorial assistance.
    [Show full text]
  • Invest in Canada, 2017 Electronic Update
    INVEST IN CANADA2017 ELECTRONIC UPDATE CANADA: YOUR GATEWAY TO NORTH AMERICA AND THE WORLD CANADA: YOUR GATEWAY TO NORTH AMERICA AND THE WORLD THROUGH NAFTA, INVESTORS IN CANADA GAIN PREFERENTIAL ACCESS TO A CONTINENTAL MARKET OF OVER US$21 TRILLION (GDP) WITH NEARLY 490 MILLION CONSUMERS EACH DAY, MORE THAN $2.4 BILLION WORTH OF TRADE CROSSES THE CANADA-U.S. BORDER KEY FACTS ABOUT CANADA (2016) Population 36.5 million GDP $2.113 trillion GDP per capita $57,885 Exports of goods and services $628.7 billion Imports of goods and services $676.7 billion Consumer price inflation 1.6% Stock of Foreign Direct Investment in Canada $825.7 billion Stock of Canadian Direct Investment Abroad $1,049.6 billion INVEST IN Sources: Statistics Canada and International Monetary Fund. CANADA CONTENTS MINISTER’S MESSAGE 6 INVEST IN CANADA: SERVICES YOU CAN COUNT ON 8 CANADA’S KEY VALUE PROPOSITIONS FOR FOREIGN INVESTORS 12 Best business environment in the G20 14 Best performing economy in the G7 16 Most cost-competitive economy in the G7 18 One of the lowest corporate tax rates in the G20 20 An ideal innovation platform 22 Unparalleled access to key markets 24 The best workforce in the G20 26 The best country in the G7 to live in 28 ADVANCED MANUFACTURING 31 AGRI-FOOD 39 CHEMICALS AND PLASTICS 45 SUSTAINABLE TECHNOLOGIES 51 INFORMATION AND COMMUNICATION TECHNOLOGIES 57 LIFE SCIENCES 65 SERVICES 71 NATURAL RESOURCES 77 STARTING A BUSINESS IN CANADA 82 Investor basics 83 Incentives in Canada 84 MINISTER’S MESSAGE CANADA’S OPENNESS, STABILITY AND INNOVATION: WHY INVESTORS ARE INVESTING IN CANADA MORE THAN EVER BEFORE As Canada’s Minister of International Trade, I am pleased to introduce the 2017-2018 edition of the Invest in Canada report.
    [Show full text]
  • Invest in Canada Hub
    Invest in Canada Hub 2018–19 Departmental Plan The Honourable François-Philippe Champagne Minister of International Trade [Copyright page] Government of Canada Catalogue Number: FR6-1E-PDF International Standard Serial Number (ISSN): 2561-6188 © Her Majesty the Queen in Right of Canada, as represented by the Minister of International Trade, 2018 Table of contents Minister’s message ......................................................................................... 1 Chairman’s Message ....................................................................................... 3 Chief Executive Officer’s Message ..................................................................... 5 Plans at a glance ............................................................................................ 7 Planned results: what we want to achieve this year and beyond .......................... 9 Core Responsibilities .................................................................................. 9 Internal Services ..................................................................................... 17 Spending and human resources ..................................................................... 19 Planned spending .................................................................................... 19 Planned human resources ......................................................................... 21 Estimates by vote .................................................................................... 21 Future-Oriented Condensed Statement
    [Show full text]
  • NOVA SCOTIA DEPARTMENTN=== of ENERGY Nova Scotia EXPORT MARKET ANALYSIS
    NOVA SCOTIA DEPARTMENTN=== OF ENERGY Nova Scotia EXPORT MARKET ANALYSIS MARCH 2017 Contents Executive Summary……………………………………………………………………………………………………………………………………….3 Best Prospects Charts…….………………………………………………………………………………….…...……………………………………..6 Angola Country Profile .................................................................................................................................................................... 10 Australia Country Profile ................................................................................................................................................................. 19 Brazil Country Profile ....................................................................................................................................................................... 30 Canada Country Profile ................................................................................................................................................................... 39 China Country Profile ....................................................................................................................................................................... 57 Denmark Country Profile ................................................................................................................................................................ 67 Kazakhstan Country Profile ..........................................................................................................................................................
    [Show full text]
  • Canada in China GOING GLOBAL
    360114cov 11/21/05 6:20 PM Page 1 2005-5 canada in chinaGOING GLOBAL The Why, When, Where and How of Chinese Companies’ Outward Investment Intentions Kenny Zhang, Research Analyst, Asia Pacific Foundation of Canada 360114cov 11/21/05 6:20 PM Page 2 ISSN 1706-919X – print ISSN 1706-9203 – online © Copyright 2005 by Asia Pacific Foundation of Canada. All rights reserved. Canada in Asia may be excerpted or reproduced only with the written permission of the Asia Pacific Foundation of Canada. November, 2005 CONTENTS ACRONYMS 2 Satisfaction with Current ODI Performance 18 3.3 FUTURE ODI INTENTIONS OF EXECUTIVE SUMMARY 3 CHINESE COMPANIES 19 Short Term vs. Medium Term 19 1 INTRODUCTION 5 The Development of Government Does Company Size Matter? 19 Policy on Overseas Investment 6 Are SOEs More Likely To Invest? 19 Five Improved Policy Areas to Form of Future ODI 21 Facilitate Overseas Investment 7 Fields of Future ODI Activities 21 Industry Sectors of Future ODI 22 2 CHINA’S OUTWARD DIRECT Location of Future ODI 22 INVESTMENT PERFORMANCE 11 Motivation for Future ODI 22 ODI Flows and Stocks 11 3.4 IS CANADA A DESTINATION Major Players 11 FOR CHINESE ODI? 24 Regional Distribution 11 Perception of Canada 24 Sectoral Distribution 12 Chinese View of Attractive Investment Driving Forces 13 Sectors in Canada 24 Future Trends 13 Key Considerations on Investing in Canada 24 Larger Companies More Positive on 3 RESULTS OF APF CANADA/CCPIT SURVEY 14 Investing in Canada 24 3.1 DESCRIPTION OF SAMPLE 14 SOEs are More Likely to Invest in Canada 25 Geographic Representation 14 Breakdown by Company Size 14 4 CONCLUSION 26 Breakdown by Ownership Structure 14 Breakdown by Industry Sector 14 ANNEXES 3.2 CURRENT ODI BY CHINESE COMPANIES 16 A.
    [Show full text]
  • Chinese Foreign Direct Investment in North America: Comparing Canadian and U.S
    Chinese Foreign Direct Investment in North America: Comparing Canadian and U.S. Attitude by Jierui Zhao A thesis presented to the University of Waterloo in fulfillment of the thesis requirement for the degree of Master of Arts in Political Science Waterloo, Ontario, Canada, 2013 © Jierui Zhao 2013 AUTHOR’S DECLARATION I hereby declare that I am the sole author of this thesis. This is a true copy of the thesis, including any required final revisions, as accepted by my examiners. I understand that my thesis may be made electronically available to the public. ii ABSTRACT As China’s economy becomes larger—naturally, the global outflow of China’s foreign direct investment (FDI) has also been increasing at a rapid pace. One of the most popular regions for Chinese investment today is North America. Yet despite China’s great enthusiasm to invest in Canada and the US, Chinese firms have received much antagonism in North America. Often times, Chinese acquisitions are viewed in a negative light, and are even denied on grounds which appear to be erroneous. This study asks an important question: what are the political reasons and conditions behind the acceptance and rejection of recent Chinese FDI in North America? To answer this question, this study analyzed and compared Canada and the US in great detail. By observing the sectorial distribution of Chinese FDI, the institutional constructs, as well as the most controversial cases of Chinese takeovers in both countries, the study has found that hegemonic competition and institutional structure plays a major role in the evaluation of Chinese FDI.
    [Show full text]
  • 2014 CED Annual Report
    working together right here. 2013 annual Calgary Economic Development report 1 Annual Report 2013 table of contents 1 4 10 Letter from the About Calgary Sector CEO & Chairman Economic 6 overview of the Board Development & initiatives 3 2013 Letter from Accomplishments the Mayor at a glance 30 32 34 52 Action Calgary Economic Financial Looking & Community overview Statements ahead to Partnerships 2014 Calgary Economic Development 2 Annual Report 2013 Letter from the President & CEO and Chairman of the Board This past year, Calgary made headlines both spoke about the opportunities and the vibrant in Canada and around the world. Stories energy that makes Calgary a great place to discussed the energy literacy of Canadians, live, work and make a life. While the trip was continued uncertainties about market access, cut short by June’s flood, that community spirit and June’s devastating floods. Calgarians that the Mayor spoke of played out in spades showed how, in the face of tragedy, our as Calgarians worked together in the days community spirit is strong and enviable. following the flood. In spite of these issues, Calgary continues While 4,000 businesses closed immediately to lead the country in economic and after the floods, thousands of Calgarians employment growth with real GDP worked together on the cleanout of homes growth outperforming all of Canada’s and businesses affected by the water. largest metropolitan areas at 3.7 per cent. Our team, in partnership with the Calgary Employment continues to be a hot spot with Chamber and Business Recovery Taskforce, Calgary’s economy generating over 24,000 worked with ATB Financial, the Calgary Hotel jobs in 2013, accounting for 10.8 per cent of Association, the Government of Alberta, and the total job growth in Canada.
    [Show full text]
  • Ii. Trade and Investment Regime
    WT/TPR/S/246/Rev.1 Trade Policy Review Page 10 II. TRADE AND INVESTMENT REGIME (1) GENERAL FRAMEWORK 1. Canada's framework for trade and investment policy is based on shared competence between the federal government and Canada's ten provinces. The scope of federal and provincial legislative powers is defined in Part VI of the Constitution Act, 1867, as amended. Parliament has exclusive jurisdiction over issues such as the regulation of trade and commerce; intellectual property rights; and criminal law. Provinces have legislative authority in areas such as provincial taxation, non-renewable natural resources, forestry resources and electrical energy. Agriculture and immigration are recognized as being under shared federal and provincial jurisdiction, with federal legislation prevailing (Table AII.1). 2. Differences in trade and investment policies and practices between the federal and provincial governments as well as across provinces, led to an Agreement on Internal Trade (AIT), which has been in effect since 1995.1 Its objective is to "reduce and eliminate, to the extent possible, barriers to the free movement of persons, goods, services and investment within Canada, and to establish an open, efficient and stable domestic market".2 It includes all provinces and territories, with the exception of Nunavut, which has observer status. It incorporates a dispute settlement mechanism accessible to governments, individuals, and the private sector. Since Canada's previous review, there have been five protocols of amendment to the AIT (Box II.1). In addition, a number of provinces have negotiated, in various configurations, arrangements that aim for more ambitious outcomes in certain areas such as public procurement, labour mobility and the recognition of qualifications.
    [Show full text]
  • ADVANTAGE Investcanada.Ca
    investcanada.ca YOUR CANADIAN ADVANTAGE @Invest_Canada Invest in Canada @invcanada Invest in Canada/ Investir au Canada WE ARE YOUR PRIMARY CONTACT — YOUR BRINGING INDUSTRY, COMMUNITY CANADIAN AND GOVERNMENT PARTNERS ADVANTAGE TOGETHER TO OFFER SEAMLESS SERVICES THAT MAKE IT EASIER TO ACCELERATE YOUR EXPANSION TO CANADA. 4 5 MESSAGE FROM THE PRIME MINISTER OF CANADA In our rapidly changing world, there is no better We continue to make smart, targeted investments place than Canada to do business. and forward-looking policy to create the right conditions for businesses and people to thrive We have the lowest average overall tax rate on in Canada. We introduced a new Accelerated new business investment in the G7, the strongest Investment Incentive for all businesses, which will economic growth of all of the G7 countries last allow them to more quickly depreciate, for tax year, the most highly educated workforce in the purposes, capital assets like computers, new Organisation for Economic Co-operation and machinery, and even long-lived investments, like Development, and a government that is a ready buildings. We are also modernizing and updating our and willing partner to businesses of all sizes. regulatory systems to make it easier for businesses We have opened the door to new markets—securing in Canada to succeed and grow. free trade agreements with the European Union With the LNG Canada project—valued at $40 billion— and the growing markets of Asia—and kept the door we recently welcomed the largest private sector open to our largest market through a modernized investment project in our country’s history.
    [Show full text]
  • [ Oil and Gas Industry ] Support Programs Invest in Canada to and Innovation Achieve Global Excellence
    [ OIL AND GAS INDUSTRY ] SUPPORT PROGRAMS INVEST IN CANADA TO AND INNOVATION ACHIEVE GLOBAL EXCELLENCE Canada’s oil and gas industry is a global innovator in equipment supporting the exploration, A WELCOMING BUSINESS ENVIRONMENT FINANCIAL STABILITY extraction, and processing of hydrocarbon reserves both onshore and offshore. Foreign Canada is ranked as the best country for For six consecutive years, the World Economic business in the G-20. Forum has declared Canada’s banking system investors can rely on a robust research and development (R & D) community that includes Source: Forbes and Bloomberg to be the soundest in the world. educational institutions, research institutes, governments and private enterprises. Source: World Economic Forum (WEF) A HIGHLY EDUCATED WORKFORCE To stimulate this innovation, Canada operates some of the most generous R & D tax incentive programs in the Canada’s workforce is the most highly UNPARALLELED MARKET ACCESS world, including the Scientific Research and Experimental Development program (SR&ED), which helps rank educated among members of the OECD, Canada’s NAFTA advantage gives investors Canada’s overall R & D tax treatment as second in the G-7. with half of its working-age population access to 470 million consumers. Many Canadian Foreign direct investors can also count on a wide range of specialized organizations to further support their having a tertiary-level education. production hubs are actually closer to U.S. markets R & D efforts. Source: Organisation for Economic Co-operation than American production sites — of Canada’s and Development (OECD) 20 largest cities, 17 are within an hour-and-a-half Canada’s Oil Sands Innovation Alliance (COSIA) is an alliance of oil sands producers focused on improving drive of the U.S.
    [Show full text]