• People Advantage: Canada is a nation of intelligent, educated workers, ranking #1 in the OECD in higher education achievement.
• Business Environment Advantage: The Economic Intelligence Unit has rated Canada the #1 place to do business in the G7 for the next five years.
• Economic Advantage: Canada is better placed than many countries to weather the global financial turbulence and worldwide recession.
• Tax Advantage: Canada offers businesses low tax rates, boasting the lowest payroll taxes among the G7 countries.
• NAFTA Advantage: Canada ’s NAFTA advantage gives investors access to more than 443 million consumers and a combined GDP of more than US$15.4 trillion.
• The Asia-Pacific Gateway and Corridor Initiative (APGCI): Take advantage of Canada’s strategic location as the crossroads between the North American marketplace and the booming economies of Asia

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There is growing consensus that a global economic recovery is in the making, albeit the pace will be tepid and restrained. Momentum should, however, build through 2010 and 2011.

The question we should start asking is, ‘What comes next?’ In part this will depend upon the skill and will of central bankers. They will need to withdraw their unprecedented monetary stimulus with surgical precision– not so quickly as to jeopardize recovery but not so slowly as to stoke the inflation fire.

But the world economy will still be a dangerous place. In the name of mitigating the downturn, the U. S. federal government will go from around a 40% debt-to-GDP ratio to 100% within a few years and many states are racking up large fiscal shortfalls as well. The United States will not likely deal with this exploding debt very well. They will find it difficult to cut spending or raise taxes sufficiently. Even if financial sector regulations are improved around the world, this type of imbalance could provoke the next economic cycle. And even if another crisis is avoided, the United States will be exporting to the world lower growth, a depreciating dollar and premiums on bond yields as the inexhaustible supply of debt floods the global markets.

More.. ]]> http://www.invest-in-canada.com/news/what-comes-after-the-great-recession.htm/feed 0 http://www.invest-in-canada.com/news/do-business-in-canada.htm http://www.invest-in-canada.com/news/do-business-in-canada.htm#comments Wed, 29 Apr 2009 09:23:01 +0000 investor http://www.invest-in-canada.com/?p=289 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), you’ll still have access to the entire North American market.

Currently, according to a detailed 10-month study of international business costs in 11 countries in North America, Europe and Asia-Pacific by KMPG, Canada’s business costs are the lowest recorded in the study, and roughly 9 percent lower than in the USA after taxes depending on the industry.

One reason for this is the lower labour costs in Canada; total labor costs, including wages and salaries, statutory benefits, and other benefits, are lowest in Canada. In the United States, benefit costs are 32 percent of total salary, while in Canada these costs are only 29 percent. And the cost of wages is also lower in Canada than in the USA (Invest in Canada).

Production costs are also lower in Canada. The cost of electricity, for instance, is 22 percent lower than the cost of electricity in the USA (based on annual electricity costs for the average manufacturer), and Canadian land and building costs are 8 percent lower. And Canada not only has a world class technology infrastructure, but has the lowest business telephone and wireless charges of all the countries involved in the study.