February 2013 Consider Canadas large cities for global trade and investment

February 2013

Consider Canada’s large cities for global trade and investment

Consider Canada City Alliance mission: a unified voice for Canada’s large cities

• 11 cities working together to promote Canada as an ideal destination for global trade and investment

• Building city-to-city linkages around the globe

• Providing rapid access to trade and investment opportunities across Canada

• Guiding companies to the Canadian city or cities best aligned to business objectives

• Our job is to make your job easier

Welcome to Consider Canada City Alliance

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Shaun McLaughlin

Canada offers many advantages to global companies

• Stable financial system for new investment

• Global trade and investment agreements

• Strong focus on innovation and creativity

• Entrepreneurs encouraged and welcome

• Highly educated talent base

• Commitment to leveraging natural resources


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Shaun McLaughlin

Consider Canada’s status as an aggressive trading nation

• Canada is undertaking the most ambitious trade expansion plan in its national history

• Global inflows of Foreign Direct Investment (FDI) in Canada rose by 17% to $1,509 billion in 2011

• NAFTA in place, offers access to a North American market of nearly 460 million consumers with a combined GDP of $17 trillion


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Canada making good progress on CETA, TPP, CITA, and China

• CETA to boost bilateral trade between EU and Canada by 20%

• TPP represents 76% of Canada’s global exports and Canada wants to enhance Asian investment and trade

• CITA offers core economic opportunities in India in the energy, agriculture, infrastructure and education sectors

• As of this year, China became Canada’s second-largest trading partner country in the world


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Consider Canada’s stellar economicfundamentals – a leader in the G7

• Rated world’s soundest banking system five years in a row by the World Economic Forum

• Fastest economic growth among G7 countries expected for 2013 according to IMF and OECD

• Lowest net debt-to-GDP ratio in G7 according to IMF

• Lowest overall tax rate on new business investment in the G7

Soundness of banks world rank

Standing among 142 countries. Ranking based on the degree of soundness of financial institutions. Source: Global Competitiveness Report, 2011-12


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Consider Canada’s R&D advantages

• Lowest R&D costs in the G7, up to 10.7% lower than U.S.

• World-class universities, colleges, research institutions doing cutting-edge research in sectors including:

• Advanced manufacturing• Machinery and equipment• Agri-food production and processing• Chemicals and plastics• Information and communications technology• Life sciences• Oceans technology• Aerospace• Business services


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Consider Canada’s zero-tariff approach to manufacturing inputs

• Canada is first in G20 to make itself a tariff-free zone for manufacturers by eliminating tariffs on manufacturing inputs, machinery and equipment

• 50% per year straight-line depreciation for manufacturing and processing equipment

• Rapid profitability for Canadian operations


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Consider Canada’s strongentrepreneurial culture

• It takes one procedure and five days to register a company

• In 2013 Canada’s combined federal-provincial statutory general corporate income tax rate averages 26%, which is 13% less than average U.S. rate

• Employers enjoy the lowest payroll taxes in the G7

Number of entrepreneurs as a percentage of the working population

Source: Statistics Netherlands 2011


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Consider Canada’s excellent location and attitude for doing global business

• Most of Canada’s population of 35 million people live within 200 km of the U.S. border

• Recent multi-billion investments in port, rail, road and air transportation improve supply chain efficiencies

• Asian and European languages spoken extensively

• One in five Canadians has a mother tongue other than English or French

• Canadians have a global mind-set


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Canada’s large cities


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Invest Toronto: Invest to Succeed

• A city of unparalleled diversity and talent with 50% of its almost 3 million residents born outside of Canada

• KPMG ranks Toronto 2nd for cost competitiveness in North America with an overall cost of doing business lower than Paris, London, Frankfurt and Tokyo

• Toronto ranks in the top 5 global cities for liveability according to The EIU’s Global Liveability Report 2011

• Financial capital of the country with thriving businesses in green energy, food processing, information communications technology, life sciences and financial services


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Greater Montréal: A brain powered economy

• A highly diversified economy built on high technology clusters such as aerospace, ICT, life sciences and cleantech

• An innovation ecosystem: Greater Montréal offers a unique blend of creativity and diversity with a large pool of highly qualified talents

• A compelling mix of the most competitive operating costs and low tax burden – better than any large urban centre in Canada or the U.S.

• A cosmopolitan, bilingual and international city, offering a vibrant cultural and sports scene

Credit: Staphan Poulin

Credit: Johanne Palasse


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Vancouver: Green Capital and Gateway Hub

• Gateway Hub: Canada’s largest port and North America’s closest to Asia

• Asia connection: nearly 50% of the population is of Asian descent, including Chinese, Filipino, Vietnamese, Japanese and Korean

• Green Economy: leaders in Fuel Cell technology, Waste Water technology + Sustainable Mining

• Creative economy: global cluster of creative and digital industries and talent

• Innovation: city of entrepreneurs and rapidly growing companies – magnet for top talent

• Competitive City: lowest corporate tax in G7


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Ottawa: Canada’s #1 Creative Economy

• Global technology center with 1,800 companies concentrated in high-tech sector

• Global R&D center with the 2nd largest concentration of science and engineering employment in North America

• Forbes labels Ottawa as one of the least congested, fastest growing and affordable cities in North America

• Richard Florida rates Ottawa first in Canada, 3rd in North America for proportion of Creative Class workers

• Commitment and programs to facilitate your investment decisions and successes


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Calgary. Be Part of the Energy

Credit: Fosters and Partners

• Has the 2nd highest number of head offices and the largest concentration in the country

• Is forecasted to lead the nation in real GDP growth until 2016

• Has one of the fastest job creation rates in Canada

• Has the youngest population in Canada


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Edmonton: smart people, smart city, smart investment

• Canada’s top performing economy in 2012

• Internationally recognized as a centre for energy and environmental research and innovation

• Canada’s largest hydrocarbon processing centre

• $220 billion in projected oil sands investment in the city service area

• The University of Alberta, in Edmonton, is Canada’s 3rd largest research university


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Québec City: a rising star

• The second highest GDP increase among the top 8 Canadian CMAs over the past five years (10.3% between 2007-2012)

• One of the lowest unemployment rates in Canada (5.1% in 2012)

• Robust high performance economy, based on high-growth sectors: life sciences, ICT, optics, photonics and others

• Ideal innovation and R&D platform with one of the highest concentrations of research facilities

• Outstanding quality of life

f: forecastWelcome to Consider Canada City Alliance

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Winnipeg: creative, intelligent and culturally diverse

• Stable and diverse growing economy

• Mid-west North America’s lowest overall business costs (KPMG 2012)

• Centrally located: home to Canada’s first inland port and foreign trade zone

• Largest aerospace centre in Western Canada

• Advanced manufacturing employs over 110,000 people in Winnipeg


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Waterloo Region: Canada’s leader in innovation

• Innovative, collaborative, diverse, entrepreneurial spirit

• High standard of living at affordable costs

• Access to a highly skilled, stable workforce

• Centrally-located access to the North American Market


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Halifax: A Canadian gateway to the world

• Primary economic engine for Atlantic Canada

• Strategic location on North America’s east coast

• $31 billion in major projects – including $25 billion contract to build Canadian Navy’s next fleet of combat vessels

• Diverse economy powered by thriving industry sectors – finance and insurance, aerospace and defence, ICT and digital industries, ocean tech

• Ranks 4th of 113 cities for international business cost competitiveness (KPMG 2012)

• Smart City – large, highly-educated workforce


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Saskatoon: Canada’s fastest-growing city

• Forecasted to lead Canada’s Cities in GDP growth 2013-2017 (Conference Board of Canada)

• Lowest cost and most tax competitive city in Canada (KPMG)

• Canada’s most diverse city economy (Conference Board of Canada)

• The hub for Canada’s number one Mining Province

• $2.7 billion in R&D Assets at the University of Saskatchewan and Innovation Place Research Park


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Consider Canada’s excellent quality of life

• Reputation Institute ranks Canada

as the highest among 50 countries

for second year in a row on

indicators including: quality of life,

safe place to live, advanced

economy, effective government

• Canada has cultural diversity

within a tolerant society, strong

rule of law, and offers public

healthcareSource: Reputation Institute, London, September, 2012

Global reputation: ranking of top 10 countries


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Consider Canada’s highly educated people

Percentage of population age 25-64 with post-secondary education

Source: OECD, Education at a Glance 2011


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Consider Canada’s large cities today!


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February 2013

Consider Canada’s large cities for global trade and investment

Documents

February 2013 Consider Canadas large cities for global trade and investment