The Trans-Pacific Trade Agreement is expected to enter into force before the end of 2018 which is why Canada was among the first western countries to speed up the ratification procedure. The treaty comprises 12 countries with access to the Pacific Ocean,
Canada is without a doubt one of the most appealing countries to live in the world. With policies which attract a great number of foreigners who relocate here for work, Canada also attracts investors from other countries who consider opening companies here can bring them many advantages. For those who are still thinking about a country to move to, here is another reason to choose Canada: it has 3 cities in the world’s most livable cities index.
Manufacturing represents one of the largest industries in the Canadian economy, a fact that is confirmed by the National Statistic Office, which reported a 1.1% increase for the month of June. Oil and coal exports were the branches that led to this increase.
Most Canadian companies now provide innovative services to their customers, which is why the government has started enabling various programs through which assistance for the implementation of high-tech solutions is granted. Now, the cleaning sector will benefit from a special financing program from the Business Development Bank.
Canada is one of the richest countries in the world when it comes to its natural resources. These resources contribute to the good economic development and to one its most powerful industries: trading. While most countries focus on oil exports, Canada relies on another resource: wood. Nowadays, wood pellets are preferred to coal by Canada’s European and Asian partners which is why exports of wood pellets have exploded in the last few years.
Not long ago, the government of the Ontario province announced the launch of a new program called the “Good Jobs and Growth Plan” which aims at offering financial support for Canadian companies and the stimulation of job creation in the region.
The first months of this year brought an increase to the Canadian economy which has surpassed the forecasts issued by specialists at the end of 2017. During the first two months of 2018, Canada’s Gross Domestic Product (GDP) grew by 0.4%, 0.1% higher than the previsions made by Statistics Canada. Among the industries performing the best were oil, automotive and manufacturing.
The Canadian economy is booming, according to Statistics Canada, as the number of jobs has increased considerably since the beginning of the year. According to the same report issued by the national statistics office, the unemployment level is at one of its lowest rates in the last few years.
Research and development has become one of the most important industries in Canada in the past few years and the number of grant programs dedicated to such activities has increased spectacularly during the same period of time. Now, the government wants to streamline the procedures related to obtaining funds for such activities and reduce the number of assistance programs from 92 to 35 by consolidating more of them into one.
Canada is one of the most important economies in the world and this is shown in its trading numbers and the good results registered by the country year after year. In last months of 2017, the Canadian economy registered a significant economic growth which reached 1.7%, according to Statistics Canada. Foreign investors who want to open companies in Canada can rely on our company formation agents for assistance.
Canada is one of the most advanced countries in the world from a technological point of view and one of the pioneers of the global digital economy. With the changes of in the economy, the labor market also went to various changes as the demand for IT specialists has increased in comparison with workers in other fields.