Canada and Its Key Sectors


Canada is the 2nd largest country in the world (9 984 670 km²). Canada is a federation composed of ten provinces and three territories. The provinces are Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, and Saskatchewan. The three territories are the Northwest Territories, Nunavut, and Yukon. The provinces have a large degree of autonomy from the federal government, the territories somewhat less. Each has its own provincial or territorial symbols.


Canada and the United States share the longest common border in the world. Officially known as the International Boundary, it is generally unmilitarized. It is 8,891 kilometres long including 2,477 kilometres shared with Alaska.

The Canadian economy is the eighth largest in the world and the Quebec economy is considered to be the 38 the largest in the world. These economies are highly integrated with the US economy. 79% of Canadian exports go to the United States which accounts for approximately 65% of their imports.

Canada is a constitutional monarchy with Elizabeth II, Queen of Canada, as head of state, and a parliamentary democracy with a federal system of parliamentary government and strong democratic traditions.

Canada's constitution governs the legal framework of the country and consists of written text and unwritten traditions and conventions. The basic framework of the Canadian constitution is contained in the British North America Act 1867, renamed the Constitution Act 1867 in 1982. It states that Canada has a constitution "similar in principle to that of the United Kingdom" and divides the powers between the federal and provincial governments. The Constitution includes the Canadian Charter of Rights and Freedoms, which guarantees basic rights and freedoms for Canadians that, generally, cannot be overridden by legislation of any level of government in Canada. It contains, however, a "notwithstanding clause", which allows the federal parliament and the provincial legislatures the power to override some other sections of the Charter temporarily, for a period of five years.

The position of Prime Minister, Canada's head of government belongs to the current leader of the political party that can obtain the confidence of a plurality in the House of Commons. The Prime Minister and their Cabinet are formally appointed by the Governor General (who is the Monarch's representative in Canada). However, the Prime Minister chooses the Cabinet, and by convention, the Governor General respects the Prime Minister's choices. The Cabinet is traditionally drawn from members of the Prime Minister's party in both legislative houses, and mostly from the House of Commons, to which they are responsible. Executive power is exercised by the Prime Minister and Cabinet, all of whom are sworn into the Queen's Privy Council for Canada, and become Ministers of the Crown. The Prime Minister exercises vast political power, especially in the appointment of other officials within the government and civil service. Michaëlle Jean has served as Governor General since September 27, 2005, and Stephen Harper, leader of the Conservative Party, has been Prime Minister since February 6, 2006.

The federal parliament is made up of the Queen and two houses: an elected House of Commons and an appointed Senate. Each member in the House of Commons is elected by simple plurality in a "riding" or electoral district; general elections are called by the Governor General when the Prime Minister so advises. While there is no minimum term for a Parliament, a new election must be called within five years of the last general election. Members of the Senate, whose seats are apportioned on a regional basis, are chosen by the Prime Minister and formally appointed by the Governor General, and serve until age 75.
Canada's four major political parties are the Conservative Party of Canada, the Liberal Party of Canada, the New Democratic Party (NDP), and the Bloc Québécois. The current government is formed by the Conservative Party of Canada. While the Green Party of Canada and other smaller parties do not have current representation in Parliament, the list of historical parties with elected representation is substantial.

Key sectors are those that our governments have decided to invest their resources into to improve the economy over the long term. The chamber’s main focus is exploring business opportunities in the common priority sectors between Hungary, Quebec and Canada. Our objective is to get government and industry to co-operate with each other to bring long term commercial benefits.

Key sectors in common between Hungary, Quebec and Canada include:

Automotive and Ground Transportation Equipment
Life Sciences and Biotechnology
Information Communication and Technology (ICT)
Electronics
Agri-Food
Other sectors of interest include:


Renewable Energy: as the cost of fossil fuels increase and becomes more difficult to procure this sector continues becoming more interesting
Service Sector: a Hungarian priority sector. Because of Canada’s experience in the Service Sector there should be a lot of opportunities for Canadian companies.
Specialty tourism

Both Hungary and Quebec could offer each other thematic tours. Such as hunting and fishing, bicycling, wine tasting, beauty and rehabilitation spas.By concentrating on these common priority sectors a common framework is established to be able to identify investment opportunities. The Hungarian Canadian Chamber of Commerce is always open to new ideas. For more information please feel free to contact us.

Canada has created a unique business environment that allows companies to grow on the world stage. To attract the best and brightest, Canada has focused its policies, business incentives and university support around key industries, including:

For complete information visit the Investment in Canada website.

http://investincanada.gc.ca/eng/industry-sectors.aspx

Aerospace

http://investincanada.gc.ca/eng/industry-sectors/aerospace.aspx


The most important drivers for the aerospace industry are innovation, productivity and highly skilled employees. Canada has successfully combined all three to create the third largest aerospace industry in the world.

Agri-Biotechnology

http://investincanada.gc.ca/eng/industry-sectors/ag-biotech.aspx


Canada grows and processes food for the world. The country’s agri-food industry leverages technology and science to produce high quality, safe foods. Learn more about how the profits in the Canadian Agri-Food industry have been soaring.

Automotive

http://investincanada.gc.ca/eng/industry-sectors/automotive.aspx

To survive in the automotive industry you need to be efficient and cost-competitive. Adding business smarts and innovation will allow you to flourish in this highly competitive industry. The Canadian automotive industry has achieved just this combination.

Biotechnology

A successful partnership between industry, universities and government has created one of the world’s hotbeds for biotechnology. Today, Canada ranks second in the world in this new industry and shows the world how to bring profitable products to market.

Chemicals

Between 1997 and 2003, international investors pumped more than US $10 billion into the chemical industry. Canada has an excellent infrastructure for supply, storage and transmission of chemicals, allowing companies to take advantage of international business opportunities.

Information and Communications Technologies (ICT)

Canada ’s workforce is not just smart, it’s creative. Canadian universities produce graduates who can think innovatively, take ideas to the next level and develop solutions that can be marketed around the world. Canadian ICT companies are globally successful and international companies seek partnerships to benefit from Canadian “smarts”.

Medical Devices

Canada 's regulatory environment and strong support for R&D have made Canada the most profitable and innovative market for medical devices.

Oil and Gas

Canada has everything it takes to be successful in the oil and gas industry : rich resources, cutting-edge expertise and innovative technologies. Canada is committed to R&D to reduce oil and gas emissions and plays a leadership role in many oil and gas related technologies and services.

Pharmaceutical

The growth of the Canadian pharmaceutical market is driven by seamless access to the United States, a significant cost advantage and a strong Canadian R&D infrastructure. Today, more than 10 % of the new medicines discovered globally come from Canada. The country also provides an excellent environment for clinical research.

Plastics

Canada offers easy access to top-notch scientists, an abundant and competitively priced resin supply and major end-use markets. Canada is the lowest-cost plastic products investment location among G7 countries.


The Quebec government has chosen the following key sectors to invest in and give their support to strengthen the economy over the long term. The government is focusing its policies, business incentives and university support around these key industries.

For complete information about these key sectors visit the Investissement Quebec website.

http://www.investquebec.com/en/index.aspx?section=4

Aerospace

http://www.investquebec.com/en/index.aspx?rubrique=23

Quebec is truly a major engine of the Canadian aerospace industry, home to more than 240 companies employing 39,000 specialized workers who are well trained in advanced production methods and techniques.

In terms of production, Quebec ranks sixth in the world behind the United States, France, the United Kingdom, Germany and Japan.

Agri-food

http://www.investquebec.com/en/index.aspx?rubrique=24

With its rich rural tradition and forward-looking entrepreneurship, the agri-food industry is a major contributor to Quebec's economy.

Information Technologies and Software

http://www.investquebec.com/en/index.aspx?rubrique=27

The term information technologies refer to integration and subcontracting services in the following niches:
Integrated resource management;
E-business;
Customer relations management;
Computer security;
Knowledge management;
Supply chain management.

Life Sciences

http://www.investquebec.com/en/index.aspx?rubrique=25

The key to Québec's success is the synergy that drives companies in the private sector, public research, universities, teaching hospitals and the major clinical research networks. Such links harness the power of convergence and collaboration, both multidisciplinary and multi-centric, and allow Québec to stand out through innovation and creativity. The pharmaceutical industry in Montréal ranks sixth in North America when measuring jobs per capita in the pharmaceutical industry, and eighth for number of jobs. (E&B Data and Montréal International, 2006)

Biotechnologies

http://www.investquebec.com/en/index.aspx?page=1874

In North America, only California and Massachusetts can claim more companies in this sector than Québec. Contract research in Québec is among the North American leaders in contract research, with several international-calibre companies.

Light Metals

http://www.investquebec.com/en/index.aspx?rubrique=29

If your company specializes in raw metals processing, Quebec has abundant natural resources.

Microelectronics

http://www.investquebec.com/en/index.aspx?rubrique=30

Conditions for high-tech companies in Quebec are outstanding, which explains why the microelectronics industry is so well established here. This sector represents 60% of overall revenues in the Canadian information technologies and communications sector.

Multimedia

http://www.investquebec.com/en/index.aspx?rubrique=102

Whether your interests lie in film production software, video game development or multimedia production and publishing, Quebec offers optimum conditions and the best talents to help you succeed.

According to Business 2.0 magazine, Montreal is an emerging hot-spot in the high-tech digital media and interactive entertainment industry.

Telecommunications

http://www.investquebec.com/en/index.aspx?rubrique=31

The strong growth in the Quebec telecommunications industry is driven by the dynamism and high export capability of local businesses, as well as the many leading-edge R&D projects in progress. The telecommunications sector alone accounts for almost 50% of exports in the overall information and communications industry in Quebec. Optics/Photonics is a prime focus for R&D.

Automotive and Ground Transportation Equipment

http://www.investquebec.com/en/index.aspx?rubrique=32

Quebec's land transportation industry, which generates annual revenues of CDN$7.2 billion, encompasses 800 companies with over 35,000 employees.