Publisher's Synopsis
Canada is poised to enter the 21st century as one of the leading economies in the world. Co-operation between the private and public sectors has assisted in creating a nurturing environment for business. As the economy becomes further integrated into the international economy, an ever-expanding array of opportunities will present itself to Canadian businesses.;An integral member of NAFTA, Canada's economy grew by 2.5% in 1996. The country enjoys relative economic stability and low inflation, and its exports represent 36% of GDB. The Toronto Stock Exchange has attracted a host of foreign companies, such as Mobil, Citicorp, British Gas and the Chrysler Corporation, which create an attractive and liquid market for foreign institutions.;Interprovincial trade ties the country together and, as the barriers to international trade diminish, the provinces and territories will reap the benefits. Canada has entered an era of free trade with its major trading partners and NAFTA provides unrivalled access to the world's largest single market. The Bank of Canada's policy of securing low inflation has led to stable growth and high levels of confidence in economic stability. The commercial banks are among the largest in the world and participate in all four major areas of the industry: commercial banking, investment banking, insurance and trust services. Institutional investors have achieved record profits in the second half of the 1990s.;Canadian corporations rank amongst the largest and fastest-growing in the world and benefit extensively from Canada's advanced capital markets, which are credible and reliable. Regulators provide extensive protection for investors.
