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Ontario: Top Destination for Foreign Direct Investment in North America

Ontario: Top Destination for Foreign Direct Investment in North America

Posted by PanamericanWorld on May 18, 2015

Ontario is the North American leader in attracting foreign capital investment for the second straight year, according to a new report published this week.

The report by fDi Intelligence, a division of the Financial Times Limited, shows that Ontario continues to attract more foreign capital investment than its state and provincial counterparts.

Ontario outperformed U.S. states and other Canadian provinces in 2014 in several key areas, including:

  • Leading for the second year in a row for foreign capital investment, receiving US $7.1 billion.
  • Moving up two places to rank third when it comes to foreign direct investment (FDI) job creation, with 13,055 jobs; up 6,102 jobs over 2013.
  • Ranking first for foreign capital investment in the automotive and life sciences sectors.
  • Ranking second for the number of FDI jobs in the financial services sector.

Ensuring the province is the best place to invest in North America is part of the government's plan to build Ontario up. The four-part plan includes investing in people's talents and skills, making the largest investment in public infrastructure in Ontario's history, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.

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