Invest in Canada

Canadian dollar a buy despite hitting four-year low: Citigroup

Investors should buy the Canadian dollar against the greenback because the country’s fiscal position is better than the U.S. and oil prices may rise to support the currency, Citigroup Inc. said.
Canada’s dollar, which recently touched the lowest in more than four years, “overshot fundamentals,” Citigroup currency strategist Todd Elmer in New York wrote in [...]

Do Business in Canada!

Are you a non-Canadian interested in doing business in Canada? Canada’s open for business, and welcomes foreign investment and business immigrants.
Why do business in Canada? Why not? Operating a business in Canada is better for your bottom line than operating your business in the United States, and thanks to NAFTA (the North American Trade Agreement), [...]

Trade figures suggest North America on the mend

The continued run of “less bad” economic data in the United States and Canada, such as Thursday’s drop in the U.S. trade deficit and return to a trade surplus in Canada, suggests the American economy may have performed better in the first quarter than many economists first thought.
“Things are still bad, but less bad than [...]

Home construction rebounds

Construction of new homes picked up a “mind-boggling” 13.7 per cent in March, despite expectations for a continued slide.
Housing starts rose last month to 154,700 units, at a seasonally adjusted annual rate, an increase from the 136,100 pace seen in February, Canada Mortgage and Housing Corp. said Wednesday.
Construction of condominiums in central Canada was mainly [...]

Canadian banks cash in on new cachet

Royal Bank of Canada is seeking to cash in south of the border on Canada’s new cachet as the soundest financial system in the world.
The bank, which has about 450 RBC Bank branches in the southern United States as well as wealth management and investment banking services, launched an advertising campaign a few weeks ago [...]

Canada ranks third best country for business

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The economic downturn that’s swept the globe has crushed financial markets, exploded unemployment and shaken confidence in the banking system.
The disaster isn’t shared equally, though. Some countries are in a much better position than others to rebound from the current malaise by attracting entrepreneurs, investors and workers.
Who are they? Our fourth annual Best Countries [...]

Canada tops U.S. as destination for travel investing

Canada has soared past the U.S. to become the fifth-ranked country in the world when it comes to ideal locations for developing the travel and tourism industry, according to a new report.
But Canada’s pristine natural image, which is one of the factors driving its high ranking, could be at risk, according to the World Economic [...]

Foreigners boost Canadian investments after two months of decline

Foreign investors increased their purchases of Canadian securities in January after two months of declines, resulting it total acquisitions of $10.4-billion, largely in the form of debt and money-market instruments, Statistics Canada reported Thursday.
Canadians, for their part, increased their holdings in foreign securities for the first time in five months, adding $4.2-billion to their portfolios [...]

Canada’s banks climb in rankings as U.S. giants stumble

Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia and Bank of Montreal pushed deeper into the ranks of North America’s 10 biggest banks after U.S. counterparts stumbled or disappeared in the past year.
Royal Bank, Canada’s biggest bank by assets, is now seventh-largest in North America after tripling assets in the past decade, [...]

Investing in Canada to get easier

The Conservative government plans to drop the barriers to foreign investment under $1 billion, a move critics say could lead to the hollowing out of Canadian business under increased foreign ownership.
The provision in the government’s budget bill makes good on an election promise by Prime Minister Stephen Harper to relax the rules on foreign investment, [...]