“Canada is a competitive economy with a sound banking system, extremely low corporate tax rates, and a friendly environment for businesses to set up and operate,” Consul General of Canada Jeff Nankivell told members during a visit to his residence on 7 May.
Another competitive advantage is the country’s highly skilled and educated workforce. “Many Canadians hold a tertiary qualification, and we are especially highly ranked in science and mathematics globally,” Nankivell explained. “Our government invests significantly in research, hoping to increase diversity in science and help develop Canada’s next generation of research leaders.”
Innovation and technology is one of the fastest growing sectors, and the country has leading experts in artificial intelligence and big data.
The Canadian government also realizes that attracting the best talent from around the world can make the country more competitive. “We have introduced a programme that helps companies bring the highly skilled global talent they need to Canada within two weeks,” he explained.
The Consul General also noted that around 300,000 to 400,000 immigrants flock to Canada every year, and this figure is projected to rise. He shared some of the country’s attractions as a place to live and work. “Canada ranks top in the world for quality of life. We are proud of our medical system, educational and social programs. Immigration also makes an important contribution to Canada’s economy.”
He added that Canadian businesses are making strong inroads into Hong Kong and Asia in sectors including financial services, green technology, property management, insurance, food, innovation and technology, and professional services.
During the visit, members enjoyed a delicious breakfast as well as the opportunity to view the residence. Americas Committee Chairman Steve Wong thanked the Consul General for his great Canadian hospitality.
“Hong Kong and Canada enjoy diverse and friendly relations built on strong trade and people-to-people ties,” Wong added. “We are both open economies that depend heavily on foreign trade and investment. We hope to continue to maintain our close bilateral trade and investment relationships.”