Canadian Industrial Sectors Expand with Business and Government Investment
1 Sep 2021
Evidence that economic globalization is under pressure and evolving into a more regional/continental stance in the near-to-medium term continues to mount. Pandemic disruptions to production and distribution have hampered global industries, producing a range of temporary and permanent adjustments to trade flows, business location strategies, and investment trends. In this context, businesses and governments are signaling and executing on strategies to domesticate global production and improve distribution capacities and efficiencies. This is equally true for Canada.
In April 2021, a new ranking by U.S. News & World Report and BAV Group made the headlines naming Canada the “Best Country” in the world. In addition to the Quality of Life and Social Purpose categories for which Canada ranked first out of 78 countries, Agility and being Open for Business were also strong showings for Canada with third-place rankings overall. These are simple indicators of the momentum that has been building in a wide range of industrial sectors across the country, supported by diverse infrastructure investments by governments at all levels.