Profile of Ontario, Canada
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Transcript of Profile of Ontario, Canada
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PROFILE: ONTARIO, CANADA
Leaders across industries are increasingly drawn not just to Ontario’s reputation as an exceptionally sound and stable place to do business; they’re also attracted by Ontario’s solid economic growth, skilled and reliable workforce, environment of innovation, proximity to market, competitive business costs and high quality of life.
WHERE INNOVATION THRIVES
New ideas flourish in Ontario, where more than $14 billion is spent on research and development each year by industry, governments, hospitals, academic and research institutions, and private non-profit organizations.
Ontario’s environment of innovation, competitive business costs and access to markets make it one of the world’s most dynamic regions for business investment. Make Ontario, Canada Your Next Big Idea for growth and success.
KEY FACTS
CAPITALSToronto (Provincial) Ottawa (National)
POPULATION13.5M, almost 40% of Canada’s total population
OFFICIAL LANGUAGEEnglish, with over 150 other languages spoken
AREAOver 1 million km2 (415,000 miles2),bigger than France and Spain combined
CURRENCYC$1 = US$1 = 0.75 euro(September 12, 2013)
LABOUR FORCE7.3M64% of population has post-secondary education
GDP$675B, bigger than countries such as Switzerland or Sweden
InvestInOntario.com
Thunder BaySudbury
Ottawa
Kingston
TorontoKitchener–Waterloo
LondonWindsor
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PROFILE: ONTARIO, CANADATOP 5 FDI DESTINATIONS IN NORTH AMERICA IN 2012
Ontario continues to far outperform its competitors as the number one jurisdiction in North America in attracting foreign direct investment projects per capita amongst major states and provinces,
according to a report recently released by the Financial Times’ fDi Intelligence think-tank. The report showed that in 2012, Ontario attracted over 7 per cent of total FDI value in North America.
State / Province Number of Projects Population Rank in projects per capita
Ontario 123 13,505,900 1
New York 146 19,570,261 2
California 205 38,041,430 3
Texas 116 26,059,203 4
Florida 66 19,317,568 5
Source: fDi Report 2013, Statistics Canada and US Census Bureau
KEY FACTS
PRIMARY INDUSTRIES• Advanced Medical Devices• Aerospace• Automotive• Financial Services• Information Technology• Life Sciences• Smart Grid• Water Tech
SOME MAJOR EMPLOYERS• Chrysler• Ford• General Motors• GlaxoSmithKline• Google• Honda• IBM• Johnson and Johnson Medical Products• Microsoft• Oracle• Pratt & Whitney• Pfizer• PricewaterhouseCoopers• Siemens
Let us help you find out more about how Ontario can help your company expand. We understand the challenges of investing. We can provide you the information you need to make a sound investment decision, and connect you with the right people and programs.
CONTACT US
InvestInOntario.com International 1-416-313-3469North America [email protected]