Canada’s Stable Reputation Boosts Investor Appeal Joly Highlights
Ottawa Enhances Industrial Strategy to Boost Foreign Investment and Strengthen Domestic Sectors
Canada’s Stability: A Magnet for Foreign Investment
In a recent address at the Canadian Club Toronto, Industry Minister Mélanie Joly highlighted Ottawa’s strategic plans to attract foreign investment by leveraging Canada’s stable governance reputation. As the global trade landscape faces disruption, Canada’s environment is positioned as an attractive option for investors seeking stability.
Streamlining Processes to Attract Long-term Investors
To enhance the business appeal of Canada, the federal government is committed to reducing red tape and accelerating approval processes. These steps aim to create a favorable business climate for international enterprises interested in investing in Canada for the long term.
Ottawa’s Strategy to Combat U.S. Tariffs
In response to ongoing sectoral tariffs imposed by the U.S., Ottawa is focusing on supporting affected industries. Key sectors like steel, aluminum, autos, copper, and lumber are under particular focus. A significant move has been implementing a $5 billion large enterprise tariff loan facility to assist impacted companies. For instance, Algoma Steel secured a $400-million loan to reorient its business towards Canadian applications.
Emphasizing Domestic Production and Procurement
The federal government plans to mandate using Canadian-made materials, such as steel, in major infrastructure and housing projects. This approach aims to bolster domestic markets and shift the procurement strategy, making the government an active customer of Canadian-produced goods and services.
Expanding Canadian Exports in Defence and Industrial Sectors
Efforts to broaden export markets for Canadian companies are underway, focusing particularly on industries like shipbuilding due to growing global demand for defense products. This aligns with NATO allies’ increased needs. Industrial policies that are strategically developed could significantly encourage private sector investment.
Revamping Defence Industrial Strategy
Canada is in discussions with international shipbuilders, such as Germany’s TKMS and South Korea’s Hanwha Oceans, to upgrade its submarine fleet. Ensuring Canadian companies play a vital role in the supply chain is paramount. The defence strategy extends beyond traditional military applications, encompassing cyber security and threats from pandemics and climate change impacts, such as wildfires.
Increased Defence Spending Commitment
With a commitment to increase defence spending to meet NATO’s benchmarks, Ottawa underscores its dedication to strengthening national security. Canada is poised to attract global investment with a cohesive strategy that supports broad national interests while addressing Indigenous economic reconciliation and sustainability.
This report by Emegypt was initially published on October 9, 2025.
