Direct consultation with Federal government identifies greater role for Canada’s leading cities/metro regions
Toronto, ON- February 22, 2021- The Consider Canada City Alliance (CCCA) has concluded its annual Winter meeting and formally resolved its commitment to working with the Federal and Provincial governments on economic recovery- particularly in the area of Foreign Direct Investment (FDI). Amongst the ideas shared with Federal Minister Marco Mendicino, the CCCA advocated the strengthening of immigration allowances as a key tool in CCCA FDI efforts, maintaining a critical focus on the race for global talent as part of Federal FDI efforts and the necessity of including Canada’s leading cities in developing progressive immigration policies.
“The time is now to provide greater tools for our cities and surrounding metropolitan regions,” said CCCA Board Chair Malcolm Bruce. “Over these past two days, the CCCA consistently advocated that Canada’s economic recovery requires a strong FDI focus on attracting new businesses and expanding existing ones and that the CCCA is the organization to do this in partnership with the Federal Government.”
In addition to meeting with Minister Mendicino at their Winter meeting, the CCCA also had extensive meetings with senior officials from Invest in Canada, Global Affairs Canada, the Embassy of Canada to the United States, Innovation, Science and Economic Development Canada and Destination Canada. During those discussions, the important role that city regions can play in the economic recovery of the country was a consistent theme. Another major concern that was raised is the importance of our international airports, reopening and maintaining efficient airfield operations as it is an essential tool to reignite FDI activities in Canada for every CCCA member city/region. Limiting international travel into only four of our major cities will have significant negative impacts on inflow of investment across the country now and into the future. Furthermore, the CCCA shared their support for the need for rapid COVID-19 testing approvals, firmly believing it is a prime mean to re-establish foreign investor confidence in the country.
“The ideas shared with Minister Mendicino and our Federal partners are of critical importance right now,” said CCCA Executive Director Niloo Boroun. “The CCCA is fully engaged with our partners at Invest in Canada and Global Affairs Canada in pivoting Foreign Direct Investment to accelerate job growth and recovery for Canadians from coast to coast. We believe FDI will be a key economic driver over the next year which warrants a leading role for the CCCA and its members.”
The Consider Canada City Alliance (CCCA) unites 12 of Canada’s largest municipal regions — Vancouver, Edmonton, Calgary, Winnipeg, London, Hamilton, Waterloo, Toronto, Ottawa, Montreal, Quebec City and Halifax—to build a sustainable and globally competitive national economy built upon the collective strength of each member's ecosystem. As an established network of Investment Promotion Agencies from coast to coast, the CCCA works with national and international networks of partners to make Canada the preferred location for foreign investment and trade.