The Country, the Market, the Business
The Country
- Canada is the World’s second largest country by area, with the world’s longest coastline
- It's sparsely populated, only 41 million people live here
- Indigenous people have continuously inhabited what is now Canada for thousands of years
- In the beginning of the 16th century, British and French expeditions explored and later settled along the Atlantic coast
- In 1867, Canada was formed as a federal dominion of four provinces
- This began an accretion of provinces and territories resulting in the displacement of Canada’s indigenous population, and a process of increasing autonomy from the United Kingdom
- Today, Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition
- There are two official languages in Canada: English and French
- Canada is considered one of the world's most ethnically diverse and multicultural nations, the product of large-scale immigration
- There are ten provinces and three territories in Canada – with different legal systems
The Market
- Ninth-largest economy with stable economic and political conditions
- Classic import country
- High purchasing power and high acceptance of high-quality products
- Easy access to customers
- Free trade access to the North American market, additional access to Europe and Asia through CETA and CPTPP
- Trade infrastructure: Canada maintains 17 port authorities, 23 international airports and 117 border crossings with the USA; there is also a national highway and rail network
- Little bureaucracy, time and cost involved in setting up a company
- Mentality and business practices similar to Europe
- Stable banking system
- Excellently trained professionals
- Extremely close economic ties with the USA
The Business
- Canada provides a wealth of opportunities for German companies
- Canada is one of the largest economies in the world, with stable economic and political conditions
- Canada is a top manufacturing location
- The country’s location is perfect to access global markets
- Canada boasts a diverse, dedicated, and skilled talent pool
- Canada possesses abundant natural resources, also for hydroelectric power
- Canada’s sustainability goals are comparable to Germany’s, offering opportunities for cooperation
- Last but not least: Canada and Germany share a lot in common, making us like-minded partners
Are you interested in learning more about current developments in the Canadian economy? You can find out more at GTAI (information in German only).
