ARTICLE · 15 OCTOBER 2021

Doing Business In Canada: What You Should Know

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Canada's economy is rebounding strongly from the Covid pandemic and the outlook for foreign investment is positive. The country was one of the global leaders in fully vaccinating its ...

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Canada's economy is rebounding strongly from the Covid pandemic and the outlook for foreign investment is positive. The country was one of the global leaders in fully vaccinating its population and this was reflected in how it managed to weather the coronavirus storm. Improving relations with the US - partly due to the election of the Biden administration - have also served to instil confidence for future growth.

The US is the top purchaser of Canadian goods and supplier of imports to Canada. Past uncertainty over the future of the North American Free Trade Agreement (NAFTA), due to the Trump administration's plans to renegotiate terms, had raised concerns for those interested in investing in Canada, as some foreign businesses use the country as a springboard for launching into the US. These concerns have largely been mitigated since NAFTA was replaced by the United States-Mexico-Canada Agreement, which came into force in July 2020 and is not due to expire for

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