This week, Don and David talk with Laurel Broten, the CEO of Invest in Canada, about the importance of foreign direct investment to the Canadian economy.
According to Statistics Canada, Last year Canadian companies had just under $2 trillion invested in other countries, and the total value of all foreign investment in Canada amounted to $1.3 trillion. Broten says foreign companies operating in Canada support 2.5 million jobs, or 13 per cent of total employment across the country.
Her, Don, and David’s conversation covers a wide variety of topics, including why should we want foreign companies to invest here and which industries are attracting investment from outside Canada.
Broten also tackles the thorny issue of government-provided corporate incentives to lure investment here instead of other countries. She provides a fascinating overview of Invest in Canada and its plan to attract high-quality companies to invest in strategic industries all across the country.
