Top countries investing in Canada
In 2020, 46 countries announced investments in Canada, with 70% of confirmed FDI flows coming from the United States, Netherlands, United Kingdom, France and Brazil. Although the U.S. accounts for the majority of projects, FDI flows coming from the U.K. saw a 65.7% increase in 2020.
FDI from non-traditional countries
Diversification in FDI will help Canada build a prosperous, sustainable economy. In 2020, Canada saw investments increase from source countries that do not typically appear in the top 10 investor countries. These countries included Chile, Norway, Poland, Singapore and Taiwan, among others.
Spotlight on Norway
Investors from Norway continue to choose Canada for our innovative spirit, highly skilled workforce, favourable business climate and more. Take a look at the stories below featuring recent investments from Norway. Learn more about Norway’s Elkem in the National view section.
Investing in Canada’s north
Inuvik in Canada’s Northwest Territories holds huge potential as a commercial space industry centre. Discover why Norwegian company KSAT partnered with New North Networks to build a satellite ground station.
The success files
2020 investments: 3 investments with a total value of $246.1 million
Types: 1 M&A and 2 greenfield (new or expansion) projects
Industries: ICT manufacturing, software & computer, agribusiness
Projected jobs: 50 from greenfield projects
Canada and Norway have a strong, longstanding trade and investment relationship. In 2020, Canada’s merchandise exports to Norway reached nearly $2.5 billion, in part thanks to the European Free Trade Association (EFTA) agreement. Total FDI stock from Norway in Canada in 2020 reached almost $7 billion, making Norway the 17th largest foreign investor in Canada at the end of the year.
“The environment for investment in Canada is very favourable. Elkem has had excellent support from both levels of government.”
Watch more FDI in Canada stories
Investing in life sciencesPlay video
Investing in VancouverPlay video
Investing in plant proteinsPlay video
Investing in a green futurePlay video
Investing in communitiesPlay video
Finding the best to invest
FDI Report 2020Play video