How Canada Ranks
Canada's business environment offers many competitive advantages
on the world scene. These advantages are reflected in impressive
rankings from many objective sources. Here are just a few.
Economic Environment
The United National Conference on Trade and Development reports
that Canada is a front-runner for foreign direct investment attraction
(UNCTAD, World Investment Report, September 22, 2004)
Canada ranks 1st in lowest business costs in the G7 (KPMG's CEO's
Guide to International Business Costs, 2004)
Canada ranks 2nd in the global business environment rankings forecast
for 2005 - 2009 (The Economist Intelligence Unit, Assessing the
General Business Environment, March 2005)
Canada is forecast to rank 8th in global capital inflows for 2003
- 2007, capturing over 3% of world investment (The Economist Intelligence
Unit, World Investment Prospects, March 2003)
Canada's overall competitiveness rating is 5th overall and 5th
in the large country rankings (The International Institute of Management
Development's World Competitiveness Yearbook 2005)
In 2003, Canada ranks 12th out of 80 countries on the microeconomic
growth index, a measure of those factors which underpin productivity
growth (The World Economic Forum's Global Competitiveness Report
2003-2004)
Business Environment
The World Bank's Doing Business in 2004 contains valuable indicators
of the challenges investors face in starting a business in different
countries. Although the World Bank lists the countries alphabetically,
Foreign Direct Investment magazine has ranked them using a scale
of 5000, and Canada comes out on top! (January 2004)
Canada scores well in the World Bank's report "Doing Business
in 2005: Understanding Regulation": it takes only two procedures,
three days, and less than the equivalent of 1 percent of annual
income per capita to open a business in Canada. (October 2004)
Canadian companies are ranked 2nd in corporate governance (study
conducted by GovernanceMetrics International, March 6,2005)
Canada ranks 2nd among large countries, 1st in the G-7 nations,
for a fairly administered justice system. (The International Institute
of Management Development's World Competitiveness Yearbook 2004)
Labour Force
Canadians are at the top of the class, holding the highest percentage
of university degrees and college diplomas among major industrialized
countries. (Statistics Canada, 2001 Census figures released March
11, 2003)
Connectivity and e-Business
Canada ranks 1st in e-government worldwide for the fourth consecutive
year (Accenture's eGovernment Leadership: High Performance, Maximum
Value, April 2004)
Quality of Life
Victoria is the 2nd city in North America (Condé Nast Traveler
magazine, as reviewed in the Globe and Mail, 2004)
For the second year in a row, Calgary, Alberta ranks 1st in the
world as the cleanest city in which to live (Mercer Human Resources
Consulting's Quality of Living report, March 2004)
Vancouver, B.C. ranks 3rd in the world in quality of life (Mercer
Human Resources Consulting's Quality of Living report, March 2005)
Above information is available on the Canadian government’s website:
http://www.investincanada.gc.ca
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