Canada's Major Cities Maintain Economic Stability Amidst Global Turbulence
- May 10, 2023
- 2 min read
Toronto, ON- May 10, 2023-
Today, the Consider Canada City Alliance (CCCA), released its impact numbers for 2022, revealing that Canada’s major cities showed resilience in the face of a challenging global economic environment. In 2022, the 14 member cities of the CCCA played a crucial role in promoting global investment to create local jobs across Canada. Our data shows that CCCA members facilitated the creation of almost 22,000 new jobs, leading to economic growth in Canadian communities. The future of key industries also relies heavily on the presence of a diverse and highly skilled talent pool to drive innovation forward.
The total investment value created by these investments reached $7.6 billion, distributed over a total of 258 deals which were closed in 2022 - a steady inflow of projects which shows that Canada maintains its reputation as a safe location for international investment and a country of great investor confidence. According to Kearney’s 2022 FDI Confidence Index, in a global context of high uncertainty, investors remain optimistic about their ability to thrive within the Canadian market over the medium to long time.
The Executive Director of the CCCA, Niloo Boroun, stated, “We are dedicated to supporting our members in navigating global uncertainties and collaborating with our federal partners to promote Canada internationally and facilitate global investment. These results demonstrate progress towards recovery, and we anticipate even greater gains over the next few years as FDI projects reach further maturity.” Ms. Boroun also emphasized the resilience of Canadian cities and their ability to withstand the pressures of the global economic landscape by continuously attracting global companies in various innovative industries, including manufacturing, critical minerals, and life sciences.
The FDI results of the CCCA members are a testament to the unwavering support and collaborative effort of local municipal and provincial governments, as well as federal partners at Global Affairs Canada and Invest in Canada, working closely with the CCCA. FDI is an essential driver of Canada's prosperous and sustainable economy, with the potential to generate further positive developments and meaningful impacts in our communities.
Consider Canada City Alliance is composed of 14 city members that help global companies determine the best strategies for business expansion and continually improve Canada’s ability to attract new investment and trade opportunities. Our members from Surrey, Vancouver, Edmonton, Calgary, Winnipeg, Hamilton, London, Waterloo, Niagara, Toronto Region, Ottawa, Montréal, Québec City, and Halifax represent the diversity as well as the wealth in resources & expertise of Canada from coast to coast.
-30-
This article gives a clear view of how Canada’s major cities are working through global economic challenges with job growth, investment, skilled talent, and stronger collaboration. I like how it focuses on long-term stability and practical development. For busy professionals, food planning topics like first watch menu and prices 2026 can also be useful when comparing breakfast or brunch options.
This article gives a strong overview of how Canada’s major cities are managing economic challenges through job growth, investment, skilled workers, and regional collaboration. I like how it explains stability in a practical way instead of only focusing on global uncertainty. For busy professionals and students, simple food planning topics like mcdonald's breakfast menu can also be useful during early workdays.
This post gives a helpful overview of how Canada’s major cities are staying resilient through job creation, investment activity, skilled talent, and stronger collaboration. I like how it focuses on long-term economic stability and practical growth. During busy workdays, simple savings ideas like taco bell promo code can also be useful for quick meal planning.
This post gives a clear look at how Canada’s major cities are handling global economic pressure through investment, job growth, skilled talent, and stronger regional collaboration. I like how it focuses on long-term stability instead of short-term headlines. During busy workdays, simple savings ideas like doordash promo code can also be useful for people planning quick meals.
This is a useful update on how Canada’s major cities are working to stay stable during global economic uncertainty. I like how the post highlights job creation, investment activity, skilled talent, and city-level collaboration. Strong planning and smart learning tools both matter for future growth, and blooket play can also make education and skill-building more engaging for students.