INVESTMENT INTO CANADA KEY TO ECONOMIC GROWTH IN 2022
Message from Invest in Canada CEO Laurel Broten
I’m thrilled to release Invest in Canada’s FDI Report 2022 – my first since joining Invest in Canada as CEO. The year 2022 was another pivotal year for foreign direct investment (FDI) in Canada.
FDI continued its 10-year growth trajectory, reaching $64.6 billion. While this falls short of 2021 levels when FDI reached a 15-year high of $82.3 billion, a look behind the numbers reveals important results.
In 2022, Canada established itself as a leading global player in the electric vehicle (EV) revolution with the birth of an end-to-end EV battery supply chain. This once-in-a-generation opportunity will allow Canada to strengthen supply chains in critical minerals, EVs and semiconductors. Canada also drew investments in other sustainable industries like clean technologies, clean energy transition and plant-based proteins. Further, Canada continues to draw sustained investment from key global players and countries including Australia, Singapore and the United Kingdom, which have emerged as high-growth investor countries.
Invest in Canada tracks global trends and reports on Canada’s FDI progress and results. We find opportunities for global investors, working with partners across Canadian communities to attract transformative, long-term projects that will generate continued economic growth.
2022 IN NUMBERS
See the numbers behind Canada’s foreign direct investment performance in 2022
CANADA’S 2022 HIGHLIGHTS
33,816 JOBS FORECASTED Source: fDi Markets
Retrieved: June 13, 2023
682 GLOBAL COMPANIES ANNOUNCED INVESTMENTS IN CANADA IN 2022 Source: fDi Markets and PitchBook
Retrieved: June 13, 2023
#2 IN THE WORLD FOR LITHIUM-ION BATTERY SUPPLY CHAIN Source: Electric Autonomy Canada, 2022
#2 FOR GREEN ENERGY PROJECTS
Key facts about FDI in Canada in 2022
Who's who: 2022 investments in Canada
Working with our partners in communities across Canada, Invest in Canada attracts and facilitates global investments across a wide range of industries. Here’s a who’s who of investors who established or expanded operations in Canada in 2022.
General Motors and POSCO Future M
Invest in Canada: Sourcing opportunities for Canada
FDI into Canada stimulates economic growth, encourages innovation and creates jobs in Canada’s provinces, territories, cities and municipalities. At Invest in Canada, we work closely with our partners to identify opportunities and facilitate connections with global investors.