Speaking in New York this week at a conference sponsored by the Toronto Financial Services Alliance, Canadian Minister of Finance Jim Flaherty said that Canada’s robust economic and fiscal leadership support increasing business investment in the nation.
“Based on our strong record in weathering the 2008–2009 global crisis, it is clear that Canada has the fiscal and economic rigor needed to attract savvy investors,” said Flaherty.
Leadership in Canada’s financial sector has not gone unnoticed. The World Economic Forum has rated the country’s banking system as the world’s soundest for the past four years, noted Flaherty. Additionally, five of Canada’s largest banks were included in Bloomberg’s list of the world’s strongest financial institutions, the most of any country.
Flaherty added that, despite the turbulent global economy, Canada is well-positioned to weather any possible shocks. “By staying focused on keeping our economy growing, protecting and creating Canadian jobs, reducing the deficit and returning to balance in the medium term, Canada will continue to be a country of choice for investment in markets across our country, and around the world,” he said.