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CANADIAN INVESTORS ACQUIRED $11.2 BILLION OF FOREIGN SECURITIES IN SEPTEMBER
November 19, 2020
In September 2020, Statistics Canada reported the highest investment in four months, where Canadian investors made up to $11.2 billion. Meanwhile, foreign investors purchased $4.5 billion of Canadian securities, headed by procurements of corporate devices. Consequently, international transactions in securities made a net outflow of funds from the Canadian economy worth $6.7 billion.
CANADA’S ECONOMY STRIVES IN THE MIDST OF PANDEMIC
November 6, 2020
Canada’s economy recorded significant boast during the third quarter of the year amid current COVID-19 outbreak. According to Statistics Canada, Gross domestic product expanded 1.2 per cent in August. The agency also announced a preliminary estimation for September, which revealed a 0.7 per cent growth. The current growth marks the fifth straight month of historically improved performances as the economy rebounded from a sharp reduction since the COVID-19 lockdowns. With September data in, the figures imply the economy expanded 10 per cent in the third quarter, which is estimated as about 46 per cent growth on an annualized basis — an all-time high value.
Oil and Gas Industry Must Do More to Address Climate Change, Report Says
Jan 20, 2020
International Energy Agency says industry risks becoming socially unacceptable and unprofitable
A flare stack lights the sky along refinery row in Edmonton on Dec. 28, 2018. A report by the International Energy Agency says the oil and gas industry needs to increase its efforts to address climate change (Jason Franson/The Canadian Press)
The oil and gas industry needs to increase its efforts to address climate change or risk becoming socially unacceptable and unprofitable, according to a new report from the International Energy Agency.
Public Hearings into $1B Giant Mine Remediation Begin At Last
Jan 20, 2020
‘It’s monumental,’ says project lead
Buildings on the former Giant Mine property on Nov. 24, 2017. After 13 years of study, planning, assessment and discussion, public hearings on a $1-billion cleanup plan for the site get underway this week. (Walter Strong/CBC)
Public hearings on the closure and remediation plan for Yellowknife’s defunct Giant Mine begin Monday.
That’s after 13 years of study, planning, assessment and discussion.
Goodbye, Gas Furnaces? Why Electrification is the Future of Home Heating
Jan 20, 2020
From electric baseboards to heat pumps, here’s a closer look at the options
The burning of fossil fuels to heat our homes is a major source of greenhouse gas emissions in this cold country. Green builders say we need to decarbonize heating by going electric if Canada is going to meet its climate targets (Shane Fowler/CBC).
It’s a stereotype, but it’s true — Canada’s winters are cold. And many of us stay toasty by burning fossil fuels such as natural gas in our furnaces or the boilers that feed our radiators.
Feds Give $500K to Project to Help Promote Northern Mining
Jan 20, 2020
Money meant to lure investors to develop untapped mineral resources in 3 territories
Yukon Liberal MP Larry Bagnell announced Sunday the $500,000 in federal funding to lure investors to develop untapped mineral resources in the three territories (Mike Rudyk/CBC).
The federal government is spending $500,000 to lure investors to develop untapped mineral resources in Yukon, the Northwest Territories and Nunavut.
Major Canadian pot companies facing proposed class-action lawsuits in the U.S.
Jan 19, 2020
Each producer is accused of misleading investors or failing to disclose certain problems with their businesses
At least nine U.S. law firms are pursuing proposed class actions against three Canadian pot producers (Sean Kilpatrick/The Canadian Press).
Some of Canada’s biggest cannabis producers are facing proposed class-action lawsuits in the United States after investors were hit with steep financial losses in the stock market.
At least nine U.S. law firms are pursuing cases against Canopy Growth, Aurora Cannabis and Hexo Corp. in American courts.
Global trade tensions, BlackRock commits to climate | Business Panel
Jan 18, 2020
Global trade tensions, BlackRock commits to climate | Business Panel
Our weekend business panel discusses the tentative trade deal between the U.S. and China and the announcement that BlackRock, the world’s largest asset manager, will make climate change central to its investment decisions.
Foreign Investors Sell Canadian Securities
Jan 17, 2020
Foreign investors sold CAD 1.8 billion of Canadian securities in November 2019, after buying a downwardly revised CAD 11.3 billion in the previous month. It was the first divestment in four months, as foreign holdings of Canadian private corporate bonds were down by CAD 6.4 billion while non-resident investors also reduced their holdings of Canadian equities by CAD 1.2 billion in November. At the same time, foreign acquisitions of Canadian government debt securities moderated the overall divestment in Canadian securities. Meanwhile, Canadian investment in foreign securities accelerated to reach CAD 5.5 billion, with acquisitions of foreign equities leading the investment activity. Foreign Stock Investment in Canada averaged 4341.73 CAD Million from 1988 until 2019, reaching an all time high of 39139 CAD Million in February of 2017 and a record low of -24129 CAD Million in October of 2007.
Trade pact will slow Canadian lobster sales to China, says expert
Jan 17, 2020
‘We’re going to pay a price in terms of our seafood market access to the Chinese market’
In this photo from last August, a lobster is held by a dealer in Kennebunkport, Maine. America’s lobster exports to China plummeted when retaliatory tariffs shifted business to Canada. (Robert F. Bukaty/The Associated Press)
Even though a new U.S.-China trade agreement does not eliminate heavy Chinese tariffs, the deal will result in a loss of Canadian seafood sales to China, according to international trade researcher Mohammad Rahaman of Saint Mary’s University in Halifax.
Disappointment, ‘humiliation’: B.C. politicians react to Trans Mountain court decision
Jan 16, 2020
Supreme Court dismissed B.C.’s bid to save bill blocking Trans Mountain project
If built, the pipeline will carry nearly a million barrels of oil from Alberta’s oil patch to the B.C. coast each day for export to Asian markets (Dennis Owen/Reuters).
British Columbia’s legal defeat on the Trans Mountain pipeline expansion is a disappointing blow for many in the province, but called a “humiliation” by others who think it shouldn’t be in court in the first place.
The Supreme Court of Canada unanimously dismissed B.C.’s appeal of a previous lower court decision quashing provincial legislation designed to block the project on Thursday.
Stocks in Canada Hit All-time High
Jan 16, 2020
The TSX increased 511 points or 2.99% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Canada. Historically, the Canada S&P/TSX Toronto Stock Market Index reached an all time high of 17617.81 in January of 2020.
Canada Jobless Rate Falls to 5.6%
Jan 10, 2020
The unemployment rate in Canada fell to 5.6 percent in December of 2019 from 5.9 percent in the previous month and below market expectations of 5.8 percent. The economy added 35.2 thousand jobs, driven by gains in full-time work (+38.4 thousand). Meantime, the labour force participation rate fell to 65.5 percent from 65.6 percent in November, below market consensus of 65.7 percent. During the year, the unemployment rate declined to a record low of 5.4 percent in May.
Employment in Canada above Forecasts
Jan 10, 2020
The Canadian economy added 35.2 thousand jobs in December of 2019 after shedding 71.2 thousand in the previous month, which was the biggest decline since January of 2009. It compares with market expectations of a 25 thousand gain. Employment increased in Ontario (25K), Quebec (21K), Manitoba (2.8K) and Prince Edward Island (1.1K), while a decline was recorded in Newfoundland and Labrador (-5K). There were more employees in the private sector (57K) in December, offsetting a decline of a similar size in November. Employment increased in accommodation and food services (25K) and in construction (17K), while it was little changed in the other industries. Considering full 2019, employment in Canada increased by 320K or 1.7%, a faster pace than 1.1% in 2018. The growth was spread across the first three quarters of the year and was mostly the result of gains in full-time work (283K). Employment Change in Canada averaged 18.01 Thousand from 1976 until 2019, reaching an all time high of 106.50 Thousand in April of 2019 and a record low of -124.80 Thousand in January of 2009.
Canada Building Permits Fall 2.4% M0M in November
Jan 9, 2020
The value of building permits in Canada declined 2.4 percent from a month earlier to CAD 8.1 billion in November 2019, after falling 1.5 percent in the previous month and against market expectations of a 1 percent gain. The value of residential permits slumped (-4 percent to CAD 4.7 billion), as the decrease in the multi-family segment (-11.3 percent to CAD 2.5 billion) more than offset the rise in the single one (5.6 percent to CAD 2.3 billion). Also, the value of permits in the non-residential sector dropped (-0.1 percent to CAD 3.3 thousand), as a sharp decline in commercial permits component (-13.5 percent to CAD 1.7 billion) outweighed increases in both the industrial (24.5 percent to CAD 0.8 billion) and the institutional segments (14.5 percent to CAD 0.9 billion). The value of building permits were down in six provinces, led by Ontario (-5.7 percent to CAD 3.2 billion).
Canada Housing Starts Lowest in 7 Months
Jan 9, 2020
The seasonally adjusted annual rates of housing starts in Canada fell 3 percent from a month earlier to 197,329 units in December 2019 compared to an upwardly revised 204,300 in November and missing market estimates of 210,000. It was the lowest reading since May, as urban starts decreased by 4 percent to 185,934 units and multiple urban starts fell by 5 percent to 138,049 units. Meanwhile, single-detached urban starts increased by 1 percent to 47,885 units. Rural starts were estimated at a seasonally adjusted annual rate of 11,395 units.
Canada Foreign Direct Investment
Jan 01, 2020
Foreign Direct Investment in Canada increased by $13,386 CAD Million in the third quarter of 2019. Foreign Direct Investment in Canada averaged $8,177.46 CAD Million from 1981 until 2019, reaching an all time high of $50,326 CAD Million in the fourth quarter of 2000 and a record low of $-8,640 CAD Million in the second quarter of 2004.
NAFTA 2.1: The Changes Democrats (And Canada) Settled On
Dec 11, 2019
Canada has again joined Mexico and the U.S. to sign on to the final — and this time they really mean final, apparently — text to improve the North American free trade agreement.
Mexico was the target of most of the revisions and concessions that Congressional Democrats were looking for, in return for letting the new NAFTA (officially the Canada-United States-Mexico Agreement, or CUSMA) come to a vote in Congress.
But Canada had to agree to it all anyway. And a few of the changes impact Canada directly.
Foreign Direct Investment in Canada Hits Its Highest in Four Years
Aug 29, 2019
Canada recorded its largest inflow of foreign direct investment in four years, another sign growing global trade tensions haven’t reduced the appetite for the northern nation’s assets. Direct investment from abroad rose to $18.7 billion in the second quarter, Statistics Canada reported Thursday from Ottawa. That’s the strongest net inflow of FDI since the beginning of 2015, probably reflecting Newmont Mining Corp.’s mega takeover of Goldcorp Inc. earlier this year.
Yet, even though the large inflow was driven by one major transaction, there’s evidence foreign investment into Canada has been picking for more than a year, since a dismal performance in 2017 amid an exodus of capital from the nation’s oil patch.
Why Canada Saw a 60% Increase in Foreign Direct Investment Last Year
Chief executive officer at Invest in Canada
Defying global patterns, Canada’s attraction of foreign direct investment in 2018 increased by an impressive 60 per cent.
Yes, a year-over-year increase of 60 per cent for global investment into Canada that eclipsed the 10-year average by 11 per cent. Remarkably, this happened in a year when global capital flows into developed economies dropped by 40 per cent, and capital outflows from China into Canada dropped by more than 20 per cent.
Let’s take a look at why this is happening – in both the context of significant geopolitical shifts and how Canada is being perceived by global investors.
Canada Needs a Better Approach to Foreign Direct Investment
July 30, 2018
Daniel Schwanen is the vice-president of research at the C.D. Howe Institute and author of Foreign Direct Investment in Canada – The Case for Further Openness and Transparency.
Canada, like other economies, seeks to attract foreign direct investment to help grow its standard of living. In recent years, however, Canada has struggled to attract such investments.
Foreign investments that are “direct,” in contrast to portfolio investments in which investors acquire smaller portions of equity or debt in a company, entail the investor acquiring some control over how their new Canadian business is run. In turn, this typically means that a foreign direct investor is making a long-term commitment to Canada.
Sept 25, 2015
The Consider Canada City Alliance (CCCA) was honoured with an Award of Excellence for outstanding contribution to the Marketing of Canada and Inward Foreign Direct Investment at the inaugural FDI Canada Forum on 23 September in Saskatoon.
In presenting the award, the FDI Canada Forum cited CCCA’s partnership approach to promoting Canada as a location for FDI across the globe. They lauded the alliance as a great example of cities working together, with support from the federal government, to attract investment to Canada which ultimately leads to economic growth and job creation.
Business forum calls for more foreign investment in Canada
Several prominent academics and business people are calling on the Canadian government for more clarity on rules for foreign investors.
The two-day FDI Canada forum wrapped up Wednesday in Saskatoon. The forum was hosted by the University of Calgary’s School of Public Policy.
FDI Canada Forum 2015
Sept 22, 2015
Rainmaker Global Business Development and The School of Public Policy hosted the first, and only, foreign direct investment (FDI) specific conference for those involved in Canadian FDI attraction, trends, statistics and policy.
In this era of an increasingly globalized world economy, foreign direct investment is a significant driving force behind economic growth and the international integration of markets for goods and services.
Global FDI flows increased by only 4.5% in 2013 and remain 30% below pre-economic crisis levels. Canada’s inward FDI stock reached $693 billion in 2013, but Canada is often seen as underperforming in terms of attracting its global share of FDI – a significant concern for a country in need of international capital to fully realize its potential (particularly with regards to its abundant natural resources).
Media Advisory – Why is Foreign Investment in Canada Declining? What is Canada Doing Wrong?
Sept. 21, 2015
Foreign direct investment (FDI) is a significant driving force behind economic growth – but investment in Canada is dropping. Does Canadian foreign investment policy require an overhaul? How can Canadaattract its “fair share” of foreign investment? What sectors are being hit hardest by the decline of foreign investment? Do Canadians even care?