Canada is a country of impressive size. With a total of 9.9 million km2, is the second largest country in the world, right after the Russian federation. It also boasts the title of country with the longest coastline in the world over 243 791 km going along the Pacific, Arctic and Atlantic oceans.
“Canada” derives from “Kanata”, the word meaning village or settlement in Huron-Iroquois, an Indigenous language. This was the name used by Indigenous youth to Jacques Cartier, an European explorer, to describe Stadacona settlement, that later became Quebec City.
The country tops several world ranking in terms of life quality. The 2019 Global Liveability Index produced by the Economist Intelligence Unit (Economist Magazine’s EIU) listed 3 Canadian cities are listed in the top 10 most livable cities in the world. Calgary being #1 in North America and 5th worldwide, Vancouver 6th and Toronto finally that tied at the 7th position with Tokyo.
With $1.6 trillion, Canada’s economy is a force to be reckoned with. FDI in Canada grew by 70% in 2018, while at the same time, it decreased by 40% in the rest of developed economies.
Canada also benefits of a remarkable situations for investors. With preferential market access in more than 50 countries, representing well over 1.5 billion consumers around the world, the The Canada-United States-Mexico Agreement (CUSMA) (11/18) modernizes NAFT. Besides The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) slashes almost every tariffs with EU countries for Canadian goods. Finally, The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) gives to economic actors in Canada special access to the mail trading blocks in the world, especially in Asia and Latin America.
Canada is composed of 10 provinces and three territories with Ottawa, the former being the country capital. The largest cities are:
- Toronto with 5.5 millions inhabitants, including half of them foreign-born, hosts top tier industries such as aerospace, automotive, cleantech, financial services
- Montreal, 3.5 millions inhabitants, is an important city for commerce, finance and pharmaceutical. The city located in Quebec has French for official language.
- Vancouver is home to 2.3 millions people, located on the Pacific coast. It is an important industrial center.
- Calgary’s (1.3 millions people) economy revolves mostly around the oil and gas sectors.
- Finally, Ottawa, the capital, with a bustling high tech industry and being the seat of public administrations is the 5th city, with about 1 million inhabitants.