1.5 How does Canada attract foreign investment? Flashcards
What is foreign investment?
Is the practice of expanding a business into a foreign country
What is a foreign direct investment?
Foreign direct investment occurs when a) a foreigner or foreign company purchases some or all of the controlling interest in a domestic company, or b) a foreign business expands into other countries.
What is Portfolio investment
Portfolio investment occurs when an individual or corporation in another country purchases stocks or bonds that are issued by a company or national government.
When this course was written, the Canadian corporate tax rate was approximately
15%
Does Canada currently hold a trade surplus or deficit with China?
trade deficit (Canada exports $16.3 billion worth of merchandise to China, yet imports $48 billion. This is a trade deficit of $31.7 billion.)
Why do experts suggest that the trade relationship between Canada and China is unusual?
This is because Canada exports natural resources to China and imports manufactured goods. This is generally the trade pattern between a developing nation and a rich developed country. In this situation, that trade pattern is reversed.
What does Canada really want to export to China?
Oil
Canada is home to _________ of railway tracks which run from coast to coast.
53,000 km
Canada has over _________ of roadways
90, 000 km
What is a result of the strong communication system in Canada
E-businesses has grown
What is Canada’s major airport
Toronto’s Interantional Airport
Percentage literacy rate in Canada?
99%
What does a diverse culture mean?
a society is open to other customs, religions, and beliefs.
What are three classes of immigrants Canada allows to enter the country?
Economic immigrants: skilled and educated workers who can contribute to the economy, and their dependants.
Family class immigrants: people joining their families already established in Canada.
Refugees: people who require protection from their home countries.
As the baby boomers retire, why are immigrants becoming more important to Canada?
there will be large voids in the Canadian workforce. These voids cannot be filled solely by Canadian workers. Immigrants will be needed to fill these voids in the labour market.