The best place to do business: Canada

(Feb 29, 2012)

In 2012, during the speech at the World Economic Forum in Davos, Switzerland, Prime Minister Stephen Harper gladly praised Canada for its fiscal rectitude: the best debt – to GDP ratio, the lowest tax rate on business investment, and the world best banking system. Combined with the rich natural resources and the stable economic development, Mr. Stephen Harper concluded that “Canada’s choice will be, with clarity and urgency, to seize and to master our future, to be a model of confidence, growth and prosperity in the 21st century”.

Canada, in fact is proud for its success of quickly recovering from economic downturn. While the States and some parts of Europe are on the edge of bankruptcy, Canada is in the enviable order. Steady debt reduction, reforms to the tax and pension systems and rigorous financial regulation over the past 15 years enabled Canada to weather the crushing downturn of 2008 better than most of the world.

Besides the growth of economy, Canadian cities’ rankings are always at or near the top of place for education, business establishment, family raising and long healthy life. Moreover, the crime rate has dropped for 20 years. Even the quality of air, according to World Health Organization, is excellent.

  • #1 Best country for business (Forbes, 2012)
  • #2 Best quality of life’s country (The Organization for Economic Co-operation and Development, 2012)
  • #3 Best quality of air’s country (WHO, 2011)
  •  #10 Best country for Education (Education firm Pearson, 2012)

What is more? Mr. Rob Jekielek, a principal at New York–based Reputation Institute, a research and consulting company, states that Canada has huge advantage to become a leading player in finance and education, and even energy superpower thanks to tremendous amount of reputation capital.

These are factors that attract talents from around to world to come and settle down in Canada. Immigration Canada shows that the number of American temporary residents in this country grew by almost 15% in 2009. At the UK, a recent poll by Angus Reid found that almost half of British respondents would prefer to raise their families in Canada. In addition, Angus Reid discovers that the level of economic satisfaction in Canada is much higher than in the U.S. and U.K, with 9 out of 10 Canadian think their country is the best one in the world.

Canadian Business Advantage

(Photo: Scott Gardner/Canadian Press)

Source: canadianbusiness.com

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