Ottawa’s industrial strategy will leverage Canada’s reputation for stability to attract more foreign investment, Industry Minister Mélanie Joly said on Thursday in a speech at the Canadian Club of Toronto.
Joly used the event to lay out the federal government’s plan to protect and build up key sectors in Canada, as U.S. President Donald Trump’s tariff campaign has disrupted global trade flows.
Joly said Canada’s reputation for good governance makes it attractive to investors who are looking for “a stable environment with no surprises.”
“We can offer that,” she said.
Canada will work on reducing red tape and speeding up approval timelines to improve the business case for foreign firms looking for places to invest for the long term, she added….