Financial Services Value Proposition
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Invest in Canada
&).!.#)!, 3%26)#%3
&).!.#)!,#!.!$)!. &).!.#)!, 3%26)#%3 3%#4/2 2%#%.4 ).6%34-%.43 ). #!.!$! w "RITISH 6IRGIN )SLANDS BASED #ITCO 'ROUP EXPANDED ITS TECHNOLOGY DEVELOPMENT OPERATION IN (ALIFAX .OVA 3COTIA BY JOBS IN w 5+ BASED )NVESCO OPENED A NEW FACILITY IN #HARLOTTETOWN 0RINCE %DWARD )SLAND 0%) WITH JOBS IN w .EW 9ORK BASED -ERRILL ,YNCH OPENED A RESEARCH AND INNOVATION TECHNOLOGY CENTRE IN 4ORONTO /NTARIO WITH JOBS IN w .EW 9ORK BASED -ORGAN 3TANLEY ANNOUNCED A MILLION INVESTMENT IN TO OPEN NEW OPERATIONS IN -ONTRÏAL 1UEBEC w )LLINOIS BASED 3TATE &ARM )NSURANCE OPENED A NEW FACILITY IN THE 'REATER 4ORONTO !REA WITH AN INVESTMENT OF OVER MILLION IN
-!*/2 ',/"!, ).6%34/23 ). #!.!$! #REDIT 3UISSE &IRST "OSTON 'OLDMAN 3ACHS (3"# ).'
4HE lNANCIAL SERVICES SECTOR IS ONE OF THE LARGEST CONTRIBUTORS TO THE #ANADIAN ECONOMY EMPLOYING MORE THAN PEOPLE 4HE SECTOR HAS EVOLVED SUBSTANTIALLY IN RECENT YEARS GENERATING OVER BILLION OR PERCENT OF NATIONAL '$0 IN 4HE lNANCIAL SERVICES SECTOR IN #ANADA IS DIVERSE AND ENCOMPASSES BANKS TRUST AND LOAN COMPANIES LIFE HEALTH PROPERTY AND CASUALTY INSURANCE COMPANIES CREDIT UNIONS AND CAISSES POPULAIRES SECURITIES DEALERS lNANCE AND LEASING COMPANIES PENSION FUND MANAGERS AND MUTUAL FUND COMPANIES AND INDEPENDENT INSURANCE AGENTS AND BROKERS
+EY #APABILITIES 3OUND BANKING SYSTEM !CCORDING TO THE 7ORLD %CONOMIC &ORUM 'LOBAL #OMPETITIVENESS 2EPORT #ANADAS BANKING SYSTEM IS THE SOUNDEST IN THE WORLD INDICATING THAT #ANADAS MAJOR BANKS ARE GENERALLY HEALTHY WITH SOUND BALANCE SHEETS 4HIS STRONG lNANCIAL POSITION MEANS THAT #ANADIAN BANKS NOW BORROW AT CONSIDERABLY LOWER RATES THAN THOSE OF MANY OF THEIR INTERNATIONAL COUNTERPARTS ,EADERSHIP #ANADAS MATURE lNANCIAL SECTOR HAS PRODUCED SUCH GLOBAL LEADERS AS THE 2OYAL "ANK OF #ANADA AND -ANULIFE &INANCIAL &URTHER THE SECTOR CONTINUES TO ATTRACT FOREIGN INVESTMENT WITH MORE THAN BILLION IN -ANY MAJOR INTERNATIONAL lNANCIAL SERVICES lRMS ".0 0ARIBAS #)4#/ AMONG OTHERS MAINTAIN NEARSHORE BUSINESS PROCESSING OPERATIONS IN #ANADA 2EGULATORY OVERSIGHT AND REPORTING 4HE #ANADIAN lNANCIAL SECTOR IS AMONG THE WORLDS MOST HIGHLY DEVELOPED AND OFFERS MANY EXAMPLES OF BEST PRACTICES 4HE INSTITUTIONS MARKETS INFRASTRUCTURE SAFETY NETS AND OVERSIGHT ARRANGEMENTS THAT COMPRISE THE SYSTEM ARE SOPHISTICATED AND INCLUDE A FULL RANGE OF lNANCIAL INTERMEDIARIES .EARSHORE OPERATIONS #ANADA NOT ONLY CONTINUES TO PRODUCE AND ATTRACT TOP QUALITY lNANCIAL SERVICES lRMS BUT IS ALSO A DESTINATION OF CHOICE FOR GLOBAL lNANCIAL SERVICES lRMS TO LOCATE THEIR NEARSHORE BUSINESS SUPPORT OPERATIONS 4HESE OPERATIONS ARE NOT SIMPLY LOCAL MARKET CENTRES BUT KEY VALUE CREATION CENTRES REPRESENTING MULTIMILLION DOLLAR INVESTMENTS DESIGNED TO SUPPORT GLOBAL CLIENTS
,IBERTY -UTUAL 'ROUP 5"3 !'
,%!$).' #!.!$)!. #/-0!.)%3 "ANK OF -ONTREAL "ANK OF .OVA 3COTIA #ANADIAN )MPERIAL "ANK OF #OMMERCE $ESJARDINS 'REAT 7EST ,IFECO )'- &INANCIAL -ANULIFE &INANCIAL .ATIONAL "ANK OF #ANADA 2OYAL "ANK OF #ANADA 3UN ,IFE &INANCIAL
4HE lNANCIAL SERVICES SECTOR IS ONE OF THE LARGEST CONTRIBUTORS TO THE #ANADIAN ECONOMY EMPLOYING MORE THAN PEOPLE AND GENERATING OVER BILLION OR PERCENT OF THE NATIONAL '$0 IN
4ORONTO $OMINION "ANK
5NLESS OTHERWISE NOTED ALL VALUES ARE IN #ANADIAN DOLLARS #ANADIAN )NDUSTRY 3TATISTICS 'ROSS $OMESTIC 0RODUCT &INANCE AND )NSURANCE .!)#3
+%9 #!.!$)!. #,534%23 "RITISH #OLUMBIA "#
+%9 #!
6ANCOUVERS lNANCIAL SERVICES COMPANIES OPERATE IN GLOBAL MARKETS LEVERAGING THE CITYS POSITION AS A GLOBAL COMMERCIAL GATEWAY 'EOGRAPHIC PROXIMITY TO !SIA 0ACIlC COUNTRIES IS A CRITICAL ASSET FOR 6ANCOUVERS lNANCIAL SECTOR AS ARE STRONG CULTURAL CONNECTIONS TO THESE EMERGING ECONOMIES 6ANCOUVER PERFORMS PARTICULARLY WELL IN FOUR lNANCIAL SERVICES SUBSECTORS BANKING CREDIT UNIONS INTERNATIONAL lNANCIAL TRANSACTIONS AND VENTURE CAPITAL INVESTMENT &IVE OF #ANADAS LARGEST BANKS HAVE SIGNIlCANT OPERATIONS IN 6ANCOUVER WHILE SEVERAL INTERNATIONAL BANKS ALSO HAVE OFlCES IN THE CITY INCLUDING THE #ANADIAN HEADQUARTERS OF ,ONDON BASED (3"# 6ANCOUVER IS RECOGNIZED AS A GLOBAL HUB FOR RESOURCE PROJECT lNANCING WITH STRONG CAPABILITIES TO lNANCE AND STRUCTURE EXPLORATION PROJECTS AROUND THE WORLD
6ANCOUVER "# #ALGARY !" 3ASKATOON 3+ 7INNIPEG -" 4ORONTO /. -ONTRÏAL 1# #HARLOTTETOWN 0%) (ALIFAX .3
!LBERTA #ALGARY IS .ORTH !MERICAS FASTEST GROWING ECONOMIC REGION AND A THRIVING lNANCIAL AND BUSINESS CENTRE WITH MORE HEAD OFlCES PER CAPITA THAN ANY OTHER #ANADIAN CITY )N THE PAST YEARS MORE THAN NEW JOBS HAVE BEEN CREATED IN #ALGARYS lNANCE AND BUSINESS INDUSTRY 4HE CITYS RAPIDLY GROWING lNANCIAL SUPPORT SERVICES SUBSECTOR EMPLOYS APPROXIMATELY PEOPLE AND PLAYS A SUBSTANTIAL ROLE IN lNANCING MANY OF THE REGIONS NEW VENTURES
# A N AD
-ANITOBA
5 NI
#!,'!29
-UCH OF THE GROWTH IN #ALGARYS lNANCIAL SERVICES SECTOR HAS COME AS A RESULT OF lNANCING ENERGY PROJECTS ACROSS THE GLOBE 4HE CAPITAL NEEDED TO lNANCE THE ENERGY SECTOR AND THE REVENUE IT GENERATES CANNOT BE UNDERSTATED AND MUCH OF THIS ACTIVITY IS BASED IN #ALGARY
6!.#/56%2
!LL SIX OF #ANADAS MAJOR BANKS HAVE A PRESENCE IN #ALGARY AS DO A NUMBER OF STRONG REGIONAL BANKS AND INTERNATIONAL INVESTMENT BANKS 4HE CITY IS ALSO SEEING TREMENDOUS GROWTH IN THE WEALTH MANAGEMENT SUBSECTOR
TED 3 TATES OF !MERI
-ANITOBA HAS A LARGE EXPERIENCED LABOUR FORCE WORKING IN BUSINESS lNANCE AND ADMINISTRATIVE SERVICES )N ADDITION TO TRADITIONAL BANKING THE CLUSTER BOASTS INDUSTRY LEADING lRMS IN INSURANCE MUTUAL FUNDS AND LEASING 7INNIPEG HAS MORE THAN PEOPLE EMPLOYED IN THE lNANCIAL SERVICES SECTOR )T IS HEADQUARTERS TO 'REAT 7EST ,IFECO )NC #ANADAS LARGEST INSURER WHICH OPERATES SUBSIDIARIES IN #ANADA THE 53 AND %UROPE WITH OVER BILLION IN TOTAL ASSETS UNDER ADMINISTRATION 7INNIPEG BASED )'- &INANCIAL )NC IS ONE OF #ANADAS LARGEST MUTUAL FUND DISTRIBUTORS WITH MORE THAN BILLION IN TOTAL ASSETS UNDER MANAGEMENT
'REAT 7EST ,IFECO 1 FINANCIAL STATEMENT )'- &INANCIAL !NNUAL 2EPORT
7)..)0%'
#!.!$)!. #,53 /NTARIO
4ORONTO IS .ORTH !MERICAS THIRD LARGEST lNANCIAL CENTRE AND #ANADAS lNANCIAL AND BUSINESS CAPITAL 4ORONTOS lNANCIAL SERVICES STRENGTHS INCLUDE STRATEGIC PLANNING lNANCIAL PRODUCT DEVELOPMENT RISK MANAGEMENT AND SYSTEMS DESIGN AS WELL AS TRAINING AND DEVELOPMENT 4HE 4ORONTO 3TOCK %XCHANGE 438 IS #ANADAS LARGEST SECURITIES EXCHANGE THE THIRD LARGEST IN .ORTH !MERICA AND THE SEVENTH LARGEST IN THE WORLD BASED ON MARKET CAP 4ORONTO IS THE CENTRE FOR OVER PERCENT OF #ANADIAN ECONOMIC ACTIVITY AT BILLION 4HE CLUSTERING OF lNANCIAL SERVICES IN 4ORONTO HAS ATTRACTED HIGHLY SKILLED KNOWLEDGE WORKERS AND A MULTILINGUAL LABOUR FORCE OF EMPLOYEES
1UEBEC -ONTRÏALS DYNAMIC lNANCIAL SERVICES SECTOR WITH MORE THAN COMPANIES AND WORKERS IS GROWING AT A RAPID PACE WITH PERCENT GROWTH IN )TS MAIN SUBSECTORS ARE BANKS AND lNANCIAL INTERMEDIARIES INSURANCE AND ITS ASSOCIATED ACTIVITIES AND SECURITIES !MONG THE MAJOR PLAYERS ARE $ESJARDINS .ATIONAL "ANK AND (3"# IN THE BANKING SECTOR AND 3TANDARD ,IFE AND 3UN ,IFE &INANCIAL IN THE INSURANCE SECTOR -ONTRÏAL ALSO HOSTS THE )NTERNATIONAL &INANCIAL #ENTRE PROGRAM CREATED TO ASSIST CORPORATIONS OR PARTNERSHIPS SPECIALIZING IN INTERNATIONAL lNANCIAL TRANSACTIONS !T THE 2$ LEVEL -ONTRÏAL IS HOME TO ACADEMIC RESEARCH UNITS IN SUCH SECTORS AS DERIVATIVE PRODUCTS AND PENSION FUND MANAGEMENT MATHEMATICAL AND COMPUTATIONAL lNANCE AND lNANCIAL ENGINEERING
DA #(!2,/44%4/7. -/.42³!,
4/2/.4/
RICA
.OVA 3COTIA .OVA 3COTIAS lNANCIAL SERVICES AND INSURANCE SECTOR HAS SEEN PHENOMENAL GROWTH SINCE -AJOR INTERNATIONAL lRMS HAVE ESTABLISHED BACK AND MIDDLE OFlCE OPERATIONS IN (ALIFAX INCLUDING #ITCO &UND 3ERVICES "UTTERlELD &UND 3ERVICES -ARSH #APTIVE 3OLUTIONS &LAGSTONE -ANAGEMENT 3ERVICES AND /# &INANCIAL 3ERVICESA DIVISION OF /LYMPIA #APITAL (ALIFAX HAS AN EXPERIENCED LABOUR FORCE OF IN THE lNANCIAL SERVICES SECTOR WHILE SOME STUDENTS ACROSS THE PROVINCE ARE ENROLLED IN BUSINESS ADMINISTRATION
(!,)&!8
0RINCE %DWARD )SLAND 0%) #HARLOTTETOWN IS AN IDEAL lNANCIAL SERVICES PROCESSING LOCATION THAT IS HOME TO COMPANIES AND EMPLOYS PEOPLE 0%)S STRENGTHS INCLUDE BANKING MUTUAL FUND ADMINISTRATION CLIENT RELATIONS HEDGE FUND ADMINISTRATION AND INSURANCE &UNDAMENTALLY lNANCIAL SERVICE COMPANIES CAN ENJOY IMPORTANT COST SAVINGS ON LABOUR RATES AND SPACE COSTS IN #HARLOTTETOWN IN COMPARISON TO OTHER .ORTH !MERICAN LOCATIONS
&).!.#)! !
).6%34-%.4 ,/#!4)/. "%.#(-!2+).' -%4(/$/,/'9 4HIS BENCHMARKING STUDY ASSESSES THE COMPETITIVENESS OF A NUMBER OF #ANADIAN CLUSTERS AGAINST COMPETING INTERNATIONAL BUSINESS LOCATIONS "ASED ON AN INVESTORS PERSPECTIVE THE RESEARCH AND ANALYSIS USES A REPRESENTATIVE INVESTMENT PROJECT PROTOTYPE AN OPERATION THAT PROCESSES TRANSACTIONS AND PROVIDES CUSTODY SERVICESSEE PROlLES ON PAGE TO ASSESS CRITERIA THAT CORPORATE DECISION MAKERS TYPICALLY EXAMINE WHEN EVALUATING LOCATION ALTERNATIVES FOR FOREIGN INVESTMENT 4HIS INTERNATIONAL LOCATION BENCHMARKING EXERCISE WAS CONDUCTED BY )"- 0LANT ,OCATION )NTERNATIONAL )"- 0,) A RENOWNED GLOBAL LOCATION CONSULTANCY )"- 0,) PERFORMED OBJECTIVE RESEARCH TO ASSESS THE COMPARATIVE COST AND QUALITY OF DOING BUSINESS IN VARIOUS LOCATIONS SIMULATING THE APPROACH USED BY INVESTORS WHEN SCREENING CANDIDATES FOR CORPORATE INVESTMENT PROJECTS 4HE BENCHMARKING STUDY EXAMINED TO lNANCIAL AND QUALITATIVE LOCATION INDICATORS IN THE ASSESSMENT OF EACH INDUSTRY SUBSECTOR 4O ASSESS THE QUALITY OF A LOCATIONS OPERATING BUSINESS ENVIRONMENT DATA WERE COLLECTED FROM A VARIETY OF SOURCES FOR THE DIFFERENT SUBFACTORS IN EACH OF THE CATEGORIES FEATURED IN THE OPERATING ENVIRONMENT TABLE PAGE $ATA FOR THE QUALITATIVE ASSESSMENT WERE TRANSLATED INTO COMPARABLE SCORINGS ZERO TO FOR EACH CATEGORY AND SUBFACTOR USING A WEIGHTED SCOREBOARD APPROACH 7EIGHTS WERE ASSIGNED TO EACH LOCATION CATEGORY AND SUBFACTOR TO DEMONSTRATE THEIR RELATIVE IMPORTANCE IN THE LOCATION SELECTION PROCESS 4HESE WEIGHTS ARE SPECIlC TO EACH INDUSTRY SUBSECTOR AND ARE BASED ON )"- 0,)S EXPERIENCE IN HELPING INVESTORS MAKE STRATEGIC DECISIONS WHEN CHOOSING LOCATIONS ! HIGH LEVEL lNANCIAL ANALYSIS WAS ALSO CONDUCTED TO TAKE INTO ACCOUNT MAJOR LOCATION SENSITIVE INVESTMENT AND OPERATING COSTS AND REVENUES FOR EACH REPRESENTATIVE PROJECT PROlLE /PERATING COST PROJECTIONS HAVE BEEN CALCULATED AND DISCOUNTED OVER A YEAR PERIOD INCORPORATING ANTICIPATED INmATION RATES TO DETERMINE THEIR NET PRESENT VALUE
BENCHMARKING THE COMPARATIVE COST AND QUALITY OF DOING BUSINESS IN GLOBAL LOCATIONS
).6%34-%.4 ,/#! -ONTRÏAL 1UEBEC #ANADA
).6%34-%.4 ,/#!4)/. "%.#(-!2+).' 2%02%3%.4!4)6% 02/*%#4 02/&),% '%.%2!, $%3#2)04)/. /& /0%2!4)/.3 0ROCESSING OF TRANSACTIONS AND PROVISION OF CUSTODY SERVICES FOR THE lNANCIAL SERVICES SECTOR
/0%2!4).' #/34 !.!,93)3 02/*%#4 2%15)2%-%.43 &/2 &).!.#)!, -/$%,,).' ,!"/52 (%!$#/5.4 &INANCIAL !NALYSTS
+%9 02/*%#4 $2)6%23
!CCOUNTANTS
w !VAILABILITY OF SKILLED LABOUR ACCOUNTANTS AND lNANCIAL SERVICES STAFF
!CCOUNTANT #LERKS
w #LUSTER OF lNANCIAL SERVICES COMPANIES
)4 0ROFESSIONALS
w !VAILABILITY OF SUITABLE OFlCE PREMISES
/&&)#% 30!#%
-ANAGEMENT AND !DMINISTRATION
"UILDING SQ FT
w %NGLISH LANGUAGE SKILLS AS A CORPORATE LANGUAGE
/0%2!4).' %.6)2/.-%.4
'%.%2!, "53).%33 %.6)2/.-%.4 w
w %CONOMIC AND lNANCIAL STABILITY w 1UALITY OF SUPPORT FROM LOCAL GOVERNMENT DEVELOPMENT AGENCIES w #OMPLIANCE WITH PROTECTION OF PRIVACY REGULATIONS INFORMATION SECURITY )0 RIGHTS w "USINESS PERMITTING PROCEDURES w !VAILABILITY OF lNANCIAL SUPPORT INCENTIVES w 0OLITICAL STABILITY
,/#!, 0/4%.4)!, 4/ 2%#25)4 3+),,%$ 34!&& w
w 0RESENCE OF EXPERIENCED lNANCIAL SERVICES EMPLOYEES w 0RESENCE OF STUDENT POPULATION w /VERALL TIGHTNESS IN THE LABOUR MARKET UNEMPLOYMENT w /VERALL SIZE OF LABOUR POOL
02%3%.#% /& ).$53429#,534%2 w
w 0RESENCE OF INDUSTRY BASE
&,%8)"),)49 /& ,!"/52 2%'5,!4)/.3 w
w (IRING lRING mEXIBILITY w )NDUSTRIAL RELATIONSATTITUDE OF UNIONS w 7ORKING TIME REGULATIONS w 7ORK PERMITS
).&2!3425#452% #/--5.)#!4)/.3 w
w 1UALITY RELIABILITY OF )4 TELECOMMUNICATIONS w 2ELIABILITY OF POWER SUPPLY w 0UBLIC TRANSPORT w (IGHWAY NETWORK CONGESTION w !IR ACCESS
2%!, %34!4% w
w !VAILABILITY OF OFlCE SPACE
,)6).' %.6)2/.-%.4 w
w #OST OF LIVING w !TTRACTIVENESS FOR YOUNG INTERNATIONAL RECRUITS w !TTRACTIVENESS FOR EXPATRIATES
,!.'5!'% 3+),,3 w
w %NGLISH LANGUAGE SKILLS
&ACTOR CATEGORY WEIGHT CORRESPONDING LOCATION FACTORS ARE RANKED IN ORDER OF IMPORTANCE
"ANK OF #ANADA /TTAWA /NTARIO
#!.!$!3 6!,5% 02/0/3)4)/. #ANADA PRESENTS STRONG INVESTMENT OPTIONS IN THE lNANCIAL SERVICES SECTOR WITH LOCATIONS THAT PROVIDE OPERATING COST ADVANTAGES OVER MAJOR %UROPEAN AND 53 COMPETITORS 3ELECT lNANCIAL CENTRES IN #ANADA ALSO PROVIDE SOME OF THE BEST OPERATING ENVIRONMENTS AMONG INTERNATIONAL CITIES EVALUATED
#/34 !33%33-%.4
#ANADIAN .ON #ANADIAN # 53
&AVOURABLE OPERATING COSTS !MONG THE CITIES CONSIDERED IN )"- 0,)S LOCATION BENCHMARKING EXERCISE #ANADIAN LOCATIONS PROVIDE SOME OF THE MOST COMPETITIVE OPERATING COSTS !LL SEVEN #ANADIAN CITIES ASSESSED RANK AMONG THE TOP TEN GLOBAL LOCATIONS IN THIS STUDY WITH #HARLOTTETOWN 7INNIPEG (ALIFAX AND -ONTRÏAL LEADING THE WAY #ANADAS COST ADVANTAGE
CAN BE ATTRIBUTED TO ADVANTAGEOUS LABOUR COSTS CORPORATE TAX RATES AND UTILITY COSTS 4ORONTO AND -ONTRÏAL BOTH SHOWN HERE AS COST COMPETITIVE LOCATIONS ALSO RANK IN THE TOP INTERNATIONAL BENCHMARKED LOCATIONS IN TERMS OF THEIR QUALITATIVE ENVIRONMENT
#ALGARY !LBERTA #ANADA
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES
#!.!$!3 6!,5% 02/0/3)4)/. %STIMATED ANNUAL LABOUR COSTS HIGHEST RANKING CITIES
#ANADIAN .ON #ANADIAN # 53
#OMPETITIVE LABOUR COSTS )N #ANADA LABOUR COSTS FOR EMPLOYEES SUCH AS ACCOUNTANTS lNANCIAL ANALYSTS AND )4 PROFESSIONALS ARE VERY COMPETITIVE WHEN COMPARED WITH THOSE OF OTHER .ORTH !MERICAN OR INTERNATIONAL LOCATIONS !N IMPORTANT COMPONENT OF #ANADAS LABOUR COST COMPETITIVENESS RELATIVE TO THE 5NITED 3TATES STEMS FROM ITS LOWER EMPLOYEE BENElTS COSTS #ANADAS NATIONAL HEALTHCARE SYSTEM IMPLIES THAT MOST MEDICAL INSURANCE IS PUBLICLY FUNDED RATHER THAN PAID BY THE EMPLOYER LEADING TO POTENTIAL SAVINGS 4HE MOST COST COMPETITIVE OPTIONS IN #ANADA INCLUDE THE !TLANTIC CITIES OF #HARLOTTETOWN AND (ALIFAX AS WELL AS METROPOLITAN CENTRES SUCH AS 7INNIPEG -ONTRÏAL AND #ALGARY
! SOLID INDUSTRY BASE #ANADIAN CITIES BENElT FROM THE STRONG PRESENCE OF BANKING AND INSURANCE lRMS WHICH PROVIDE THE SKILLED WORKFORCE NEEDED TO OPERATE A lNANCIAL SERVICE ORGANIZATION #ANADAS LARGEST CITY 4ORONTO IS A RECOGNIZED lNANCIAL HUB IN .ORTH !MERICA ATTRACTING EXPERIENCED PROFESSIONALS AND WORLD CLASS ORGANIZATIONS RESULTING IN A LARGE POOL OF QUALIlED WORKERS FOR COMPANIES TO DRAW UPON
.UMBER OF ESTABLISHMENTS CLASSIlED AS BANKING AND INSURANCE HIGHEST RANKING .ORTH !MERICAN CITIES
-ANY OTHER #ANADIAN LOCATIONS INCLUDING -ONTRÏAL 6ANCOUVER AND #ALGARY ARE ALSO HOME TO A LARGE NUMBER OF BANKING AND INSURANCE ESTABLISHMENTS WHICH ATTRACT EMPLOYEES WITH SUITABLE SKILL PROlLES
.UMBER OF UNIVERSITY STUDENTS HIGHEST RANKING CITIES
#ANADIAN .ON #ANADIAN
!N EDUCATED WORKFORCE ! LARGE STUDENT POPULATION THAT CAN BE TRAINED IS AN IMPORTANT DRIVER FOR THE SELECTION OF lNANCIAL SERVICE ACTIVITIES 'RADUATES FROM ACCOUNTING AND OTHER BUSINESS RELATED PROGRAMS AS WELL AS GENERAL UNIVERSITY GRADUATES REPRESENT A RICH POTENTIAL EMPLOYEE POOL
#ANADIAN .ON #ANADIAN
#ANADA HAS THE WORLDS HIGHEST PERCENTAGE OF COLLEGE AND UNIVERSITY GRADUATES !LL #ANADIAN LOCATIONS BENCHMARKED IN THIS STUDY ARE HOME TO UNIVERSITIES AND OTHER HIGHER EDUCATIONAL ESTABLISHMENTS THAT PROVIDE SOLID BUSINESS PROGRAMS 4HE PRESENCE OF LARGE UNIVERSITIES AND BUSINESS SCHOOLS IN #ANADAS TWO LARGEST CITIES INCLUDING THE 5NIVERSITY OF 4ORONTO 9ORK 5NIVERSITY -C'ILL 5NIVERSITY AND (%# -ONTRÏAL LEADS TO A LARGE NUMBER OF TALENTED GRADUATES
)"- 0,) CALCULATIONS BASED ON 7ATSON 7YATT %CONOMIC 2ESEARCH )NSTITUTE %2)
3TATISTICS #ANADA AND 53 #ENSUS "UREAU
3OURCES INCLUDE .ATIONAL #ENTERS FOR %DUCATION 3TATISTICS AND )NTEGRATED 0OSTSECONDARY %DUCATION $ATA )-$ 7ORLD #OMPETITIVENESS 9EARBOOK
#!.!$!3 6!,5% 02/0/3)4)/. ! CONDUCIVE BUSINESS ENVIRONMENT
'ENERAL BUSINESS ENVIRONMENT HIGHEST RANKING CITIES
4HANKS TO ITS SOLID AND DYNAMIC ECONOMY LOW CORPORATE TAX RATES QUALITY SUPPORT FROM LOCAL GOVERNMENTS AND DEVELOPMENT AGENCIES BUSINESS PERMITTING PROCEDURES PRIVACY REGULATIONS INFORMATION SECURITY AND PROTECTION OF INTELLECTUAL PROPERTY RIGHTS #ANADA HAS FOSTERED A BUSINESS ENVIRONMENT THAT ALLOWS COMPANIES TO INVEST AND GROW !S THE LEADER IN '$0 GROWTH AMONG ' COUNTRIES OVER THE LAST DECADE AND WITH THE WORLDS SOUNDEST BANKING SYSTEM #ANADA PROVIDES A STABLE AND STRONG BUSINESS ENVIRONMENT THAT OFFERS TREMENDOUS GROWTH POTENTIAL AND PEACE OF MIND FOR BUSINESS INVESTMENT )N FACT ALL #ANADIAN CITIES EVALUATED OFFER A STRONG BUSINESS ENVIRONMENT AS BASED ON MEASURES PUBLISHED BY THE )-$ THE %CONOMIST )NTELLIGENCE 5NIT AND THE 7ORLD %CONOMIC &ORUM #HARLOTTETOWN AND (ALIFAX RANK PARTICULARLY WELL BECAUSE OF THEIR VERY SUPPORTIVE LOCAL DEVELOPMENT NETWORK
#ANADIAN .ON #ANADIAN
/UTSTANDING QUALITY OF LIFE
,IVING ENVIRONMENT HIGHEST RANKING CITIES
)N THE COMPETITION TO DRAW INTERNATIONAL TALENT #ANADA PRIDES ITSELF ON ITS HIGHLY RATED LIVING ENVIRONMENT 7ITH ITS NATURAL BEAUTY HIGH LEVEL OF EDUCATION QUALITY AND AFFORDABILITY OF HEALTHCARE AND LOW CRIME RATES #ANADA IS GLOBALLY REGARDED AS BEING ONE OF THE BEST PLACES IN THE WORLD TO LIVE 4HIS EXPLAINS WHY #ANADIAN CITIES ATTRACT YOUNG INTERNATIONAL RECRUITS AND TALENTED EXPATRIATES FROM AROUND THE WORLD
#ANADIAN .ON #ANADIAN
)NTERNATIONAL MEASURES SUCH AS 3PERLINGS #ITIES 2ANKED 2ATED AND %CONOMIST )NTELLIGENCE 5NITS QUALITY OF LIFE INDEX CONSISTENTLY PLACE #ANADIAN CITIES NEAR THE TOP OF THE RANKINGS )N FACT #ANADAS THREE LARGEST CITIES 4ORONTO -ONTRÏAL AND 6ANCOUVER LEAD ALL OTHER BENCHMARKED LOCATIONS IN THIS ASSESSMENT WITH 6ANCOUVER ALSO RECENTLY RANKING lRST OVERALL IN %XPANSION -ANAGEMENT MAGAZINES QUALITY OF LIVING QUOTIENT
#OST OF LIVING HIGHEST RANKING CITIES
!FFORDABLE LIVING #ANADA ALSO APPEALS TO EXPATRIATES AND INTERNATIONAL RECRUITS BECAUSE OF ITS RELATIVELY LOW COST OF LIVING )NTERNATIONAL MEASURES SUCH AS THE -ERCER #OST OF ,IVING 3URVEY AND %CONOMIC 2ESEARCH )NSTITUTES COST OF LIVING INDEX IDENTIFY THE COST ADVANTAGE OF #ANADIAN CITIES IN COMPARISON TO OTHER .ORTH !MERICAN OR GLOBAL LOCATIONS !MONG BENCHMARKED LOCATIONS #HARLOTTETOWN 7INNIPEG AND (ALIFAX OFFER THE MOST COMPETITIVELY PRICED GOODS AND SERVICES WHILE MAINTAINING AN ATTRACTIVE LIVING ENVIRONMENT #ANADAS MAJOR URBAN CENTRES ROUND OUT THE TOP LIST BY COMBINING AN OVERALL HIGH QUALITY OF LIFE WITH AFFORDABLE LIVING COSTS
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES 7ORLD %CONOMIC &ORUM 'LOBAL #OMPETITIVENESS 2EPORT /CTOBER
#ANADIAN .ON #ANADIAN
)NVEST IN #ANADA AT YOUR SERVICE 7E OFFER THE FOLLOWING VALUABLE SERVICES TO OUR CLIENTS q STRATEGIC MARKET INTELLIGENCE ON YOUR SPECIFIC SECTOR
q REFERRALS TO CONTACTS IN FIRMS AND INDUSTRY ASSOCIATIONS AS WELL AS EXPERTS q INFORMATION AND ADVICE ON SETTING UP A BUSINESS IN #ANADA q HELP IN IDENTIFYING A SUITABLE PLACE IN WHICH TO INVEST q ASSISTANCE IN DEVELOPING A BUSINESS CASE FOR YOUR NEXT INVESTMENT DECISION
/UR GLOBAL NETWORK WILL SHOW YOU WHY #ANADA IS YOUR STRATEGIC CHOICE FOR GROWTH 4O REACH AN INVESTMENT OFFICER IN YOUR MARKET PLEASE VISIT
WWWINVESTINCANADACOMGLOBALNETWORK
)NVEST IN #ANADA "UREAU &OREIGN !FFAIRS AND )NTERNATIONAL 4RADE #ANADA 3USSEX $RIVE /TTAWA /. #ANADA +. * %MAIL INVESTINCANADA INTERNATIONALGCCA 7EBSITE WWWINVESTINCANADACOM
#ATALOGUE .UMBER &2 % 0$& )3". .UMBER
4HIS PUBLICATION WAS PREPARED BY )NVEST IN #ANADA IN COOPERATION WITH )"- 0,) 4HE DOCUMENT COVERS A WIDE RANGE OF ISSUES AND IS NOT INTENDED TO BE A DETAILED NOR AN EXHAUSTIVE REFERENCE !CCORDINGLY BEFORE RELYING ON THE MATERIAL HEREIN READERS SHOULD INDEPENDENTLY VERIFY ITS ACCURACY CURRENCY AND RELEVANCE FOR THEIR PURPOSES AND SHOULD SEEK APPROPRIATE PROFESSIONAL ADVICE !NY REFERENCE TO COMPANIES OR INVESTMENTS IS FOR ILLUSTRATIVE PURPOSES ONLY AND DOES NOT CONSTITUTE AN ENDORSEMENT OF THOSE COMPANIES OR INVESTMENTS $ETAILS OF SOURCES FOR ALL QUOTED FACTS AND FIGURES ARE AVAILABLE UPON REQUEST 4HE 'OVERNMENT OF #ANADA DOES NOT ACCEPT ANY LIABILITY IN RELATION TO THE CONTENTS OF THIS WORK 4HIS PUBLICATION IS PRINTED ON RECYCLED PAPER AND IS AVAILABLE IN MULTIPLE LANGUAGES INCLUDING &RENCH ¥ (ER -AJESTY THE 1UEEN IN 2IGHT OF #ANADA AS REPRESENTED BY THE -INISTER OF )NTERNATIONAL 4RADE
4ORONTOS &INANCIAL $ISTRICT /NTARIO #ANADA
q DIRECT CONTACT WITH KEY DECISION MAKERS IN THE GOVERNMENT
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