Page 12 - FDI Alliance International Magazine, July 2019 Interactive Issue_Neat

PRIME MINISTER
JUSTIN TRUDEAU
INTRODUCING

CANADA

Canada, is the second largest country in the world in ethical, policy, and legal implications of Al. remain below 0.2% next year and the decade to come.
area, occupying roughly the northern two-fifths of the As part of the Government of Canada’s Innovation, the Canadian jobs grew by 219,000 jobs in 2018, the
continent of North America. It has the world’s longest Superclusters Initiative was born. The program, which majority in full-time positions.
coastline which touches three oceans. It is next to the aims to pull together technology clusters across the
Pacific, Arctic, and Atlantic Oceans. It is the only country country into large collectives, focuses on technology More jobs are good for consumer spending, which
in the world to be next to three oceans at once. It has innovation in the areas of ocean sciences, artificial has been slowing as interest rates rise and people pay
six-time zones. intelligence, advanced manufacturing, protein industry, down their bills. The Bank of Canada will continue to
and digital technology. do a balancing act on rates so as to keep household
Canada is a developed country and has the tenth debt in check while keeping the growth engine running.
highest nominal per capita income globally as well as Canadas Superclusters goals are to solve multiplex
the tenth highest ranking in the Human Development challenges, drive economic growth, develop and attract Approximately 1.9 million Canadians are employed by
Index. pinnacle talent, and advance world-leading research foreign-controlled multinational enterprises in Canada;
and innovation, the initiative will infuse nearly $2B that’s almost 12% of Canadian workers, or 1 in 8
Canada ranks among the highest in international into the economy and grow GDP by $50B over the Canadian jobs.
measurements of government transparency, civil liberties, next ten years
quality of life, education, and economic freedom. Technology is the second big trend that will continue to
Digital Technology Supercluster – Using virtual, mixed, affect Canadian entrepreneurs. New technologies are
From top-ranked educational institutions, world-class and augmented reality, data, and quantum computing transforming business models and requiring additional
researchers, and market-leading technology companies, to solve productivity, health, and sustainability challenges. investment efforts.
Canada has a long history of being at the forefront of Protein Industries Supercluster – Evolving agricultural
the artificial (AI) and machine learning evolution. production with plant genomics and novel processing. Technological change, trade tensions and rising interest
Advanced Manufacturing Supercluster – Designing rates, global economic growth and increasing exports,
Canada maintains its leadership stance, Canadas next-generation manufacturing companies by adopting employment and investments will ensure that Canadian
Government launched the $125M Pan-Canadian advanced processes and developing and deploying new economic expansion remains solid in 2019.
Artificial Intelligence Strategy in 2017. Led by the technologies like robotics and 3D printing.
Canadian Institute for Advanced Research (CIFAR), Entrepreneurs who want to take advantage of the
the Pan-Canadian Artificial Intelligence Strategy is AI-Powered Supply Chains Supercluster (SCALE.AI) – current upswing to grow their business need to be agile
designed to further build on the ecosystem in Canada Building the supply chains of the future using artificial and focus on attracting and retaining the right talent.
by increasing the number of highly-skilled researchers intelligence and robotic technologies. Employing under-used resources such and immigrants
and graduates, enhancing research capabilities and or older workers, and a focus on technology will help
discoveries through collaboration across three centers of Ocean Supercluster – Solving global challenges like how productivity and improve competitiveness.
excellence, and demonstrating global leadership around to meet energy demands through marine renewable
the economic, ethical, policy and legal implications energy, fisheries, aquaculture, oil and gas, defense, Business owners who act now are the ones who are
around advancement in AI technologies. shipbuilding, and transportation. going to continue to grow and remain competitive.
Canada’s business-friendly environment is built on
Pan-Canada strive to enhancing the number of Foreign investment in Canada currently stands at world-class cities that unfailingly rank as the best places
highly-skilled researchers and graduates, promoting approximately $800 billion. to live, work and play.
collaboration among centers of excellence, and As Canada’s baby boomers are heading to retirement,
demonstrating global leadership around the economic, the growth of Canada’s working age population will

12 FDI ALLIANCE | JULY ISSUE 2019