Toronto, ON - April 20, 2021- The Consider Canada City Alliance (CCCA), the nation’s leading organization for cities involved in foreign direct investment (FDI), commends the Government of Canada for its continued attention to COVID-19 and combatting the pandemic’s ongoing effects on the economy. The Federal Budget in particular shows encouraging support for:
The CCCA collectively promotes Canada’s incredible value proposition directly to global investors. It champions Canada’s rich economy, ease of doing business, diverse sectors such as agriculture, energy, ICT, AI, financial services, life sciences and talented people who are driving innovation and maintaining connections with the world.
“With many areas of the country still being heavily impacted by the pandemic, we are encouraged to see the Federal Budget provides continued assistance for those sectors hardest hit by COVID-19,” says Malcolm Bruce, Chair of the Consider Canada City Alliance and CEO of Edmonton Global. “Canada’s cities will play an integral role in the post-pandemic recovery and we continue to advocate for policies by the Federal Government which make it easier for our regional economies to create and retain domestic jobs from global investors.”
“This budget provides strong measures to support businesses across the regions we serve,” says Niloo Boroun, Executive Director of the CCCA. “As the economy recovers and borders safely reopen, we remain committed to working closely with the Federal Government to build upon what is outlined in the budget to ensure Canadian cities are best placed to play a leading role in our economy’s post-pandemic recovery , especially by encouraging foreign investment into our communities.
About the Consider Canada City Alliance
The twelve members of Consider Canada City Alliance (CCCA) include the city regions of Halifax, Quebec City, Montreal, Ottawa, Toronto, Waterloo, London, Hamilton, Winnipeg, Calgary, Edmonton and Vancouver. The economic zones of the members of the CCCA represent 58.3% of Canada’s population, produce 59% of Canada’s GDP and accounted for 70% of Canada’s GDP growth in 2019. As a united front, the Consider Canada City Alliance helps international companies determine the best strategies for business expansion and continually works to improve Canada’s ability to attract new investment and trade opportunities. In 2019 alone, CCCA members closed 341 investment projects which created 23,000 jobs with an investment value of $4.9B.