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Advantages of Doing Business in Canada

Advantages of Doing Business in Canada

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Advantages of Doing Business in Canada

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  1. Advantages of Doing Business in Canada

  2. Think-Pair-Share • Step 1) Based on your knowledge of Canada and what you have learned in this course identify 4 advantages Canada would have in the global market • Step 2) Pair up with your neighbour and share your ideas. • Step 3) Class discussion.

  3. Human Resources • Canada has a high-quality labour force due to its level of educational achievements and number of first class business schools. • Canadian labour turnover rate is half that of the U.S. resulting in greater stability and lower overall costs. • Canada is the leading force in communications technologies and has the highest computer literacy rate in all the G8.

  4. Positive Business Climate • The International Policy Center (IPC) has Canada ranked 1st in the G8 countries for business ethical practices such as fair labour standards, equal opportunity, promotion of human rights, environmental protection, protection of worker’s health and safety, etc.

  5. North American Market Access • Canada and U.S. are the largest trading partners trading approximately $502 billion in 1999 ($1.7 billion a day). • Since most Canadian cities are within a 10-hour drive of 60% of American markets, this makes delivery costs affordable and allows businesses to fulfill orders quickly and reliably.

  6. North American Market Access • As well, Canada and the U.S. are trying to make the border as easy to cross as possible (similarly as in Europe going from country to country is like going from province to province).

  7. Business Infrastructure • Canada has a focus on improving the quality of the environment (clean air and water). • Canada Tries to improve water, wastewater systems, water management, recycling, local transportation, roads and bridges, affordable housing, and telecommunications, tourism, and culture.

  8. Business Infrastructure • Canada also favours research and development.

  9. Quality of Life • Canada enjoys a high standard and quality of living in terms of life expectancy, adult literacy, education, and income distribution.

  10. Lower Business Costs • Article