Position Canada as a top destination for global investment and promote its economic brand.
What success looks like
Canada ranks among the top developed economies in global rankings of investment competitiveness, attractiveness and brand.
Government's narrative on progress
The government is encouraging global investment and promoting Canada through the creation of the Invest in Canada Agency; the expansion of the Trade Commissioner Service, to increase Canadian presence in strategic markets abroad; and the acceleration of changes to the *Investment Canada Act*. The changes to the Act will lead to greater transparency of the guidelines used for national security reviews, and increase the threshold for review under the Act to transactions of $1 billion or greater as of 2017. The government is also developing a comprehensive Progressive Trade Strategy which will bring forward additional measures to enhance business opportunities for Canadian businesses consistent with innovation, investment and job growth goals. Recent global surveys continue to rank Canada as a top place to do business. For example, the Economist Intelligence Unit has ranked Canada first in the G20 for doing business over 2017-2021; KPMG has ranked Canada as the most tax competitive country in the G7 with the lowest overall business costs; the Organisation for Economic Co-operation and Development (OECD) shows that Canada leads the G20 in research and development (R&D) spending in higher education as share of GDP with the best tax incentives in the G7 and the most educated talent pool among member nations. Canada moved up three places to second in the 2018 A.T. Kearney Foreign Direct Investment Confidence Index to its highest ranking in the history of the Index. Thomson Reuters' investment in a new technology hub, General Motors' new automotive software development centre in Markham Ontario focused on autonomous vehicle and connected vehicle technology, NOVA Chemicals (Mubadala) expansion of a new world-scale polyethylene plant in Sarnia, ON, Erwin Hymer’s new manufacturing facility in Cambridge, ON, Tech Mahindra's new centre of excellence in Toronto, ON, and Amazon’s 3,000 job expansion in Vancouver, Coca-Cola's new dairy production facility in Peterborough, ON, and Groupe Bel's new cheese factory in Sorel-Tracy, QC, Samsung and IBM's new AI centres in Montréal, and LG's new AI centre in Toronto are just a few examples of successes to date. Overall, the Trade Commissioner Service (TCS) facilitated 101 investment projects to Canada with an estimated value of $2.25 billion and 2,979 jobs created between April 2016 and March 2017. In addition, the TCS facilitated 159 investor visits to Canada to pursue specific investment projects. Between April 2018 and February 2019, TCS reported 77 wins representing a minimum of $41.5 billion and over 7,730 new jobs and facilitated 127 site selection visits. LNG Canada, announced in October 2018, accounts for approximately 96% ($40 billion) of the dollar value, representing largest ever single foreign direct investment in Canada.
Note: this is the government's own description, not an independent assessment.