Top Countries for Business Travel in 2019 - Canada

Canada moves down 1 place to number 6 in the top countries for business travel in 2019. According to Forbes, Canada’s economic success stems from its resemblance ‘to the US in its market-oriented economic system, pattern of production, and high living standards’ and has had a major growth in its manufacturing, mining and service sectors.

Why Do Business In Canada?

• Its location in North America and neighbouring borders with the United States means easy access to the world’s largest market
• Its geographical position and maritime strength also allows access to the Asia-Pacific markets
• Canada has a world-class infrastructure including the world’s largest shoreline 
• Canada is the 2nd largest nation in the world with a strong business and consumer base
• Canada has a stable and free economy, ranking 8th in the world for economic freedom (Heritage)
• Canada has one of the lowest international corporate tax rates with a rate of 15% in 2019
• The service industry in Canada accounts for nearly 70% of GDP. Its capital city, Toronto, is the fastest growing financial centre in North America and has ranked 7th on the Global Financial Centres Index for 2019 (Long Finance)
• Its other main industries include agriculture, energy, technology, and manufacturing
• Canada has a highly skilled and low-cost workforce with more than half of Canadians aged between 25-35 acquiring a post-secondary education
• Canada nurtures entrepreneurship and embraces foreign investment, ranking 12th in the world for global competitiveness (World Economic Forum)
• Canada scored 3rd in the world on ease of starting a business (The World Bank)
• There is a familiarity to conducting business in Canada as it has similar legal and business practices as the UK and USA
• The official language of Canada is English but French is also widely spoken
• The time zone in Canada is GMT - 4 making communication back home easier as well as within North American markets
• Canada is one of the least corrupt countries in the world, scoring within the top 10 on the corruption perceptions index (Transparency International)
• Canada is one of the top 10 happiest countries in the world (World Happiness)
• The official currency of Canada is the Canadian Dollar, which is currently weaker than the £, $ and € meaning more spending money for your next business trip (XE Currency)
• Temperatures vary across Canada depending on the location and can be as low as -40°C in the interior provinces in the winter as as high as 40°C in the summer. July is the hottest month in Toronto with an average temperature of 21°C and the coldest is January at -3°C
• Canada was voted as one of the most beautiful countries in the world with its stunning scenery and abundance of natural resources. This is definitely a country for your next bleisure trip…

If you would like to have your Business Travel Simplified, then speak with a member of our team on (028) 9038 9007 or email hello@selective-travel.co.uk