Commercial freedom for companies

Canada is a country that has natural resources, therefore it is the main exporter

of mineral products, oil, forest products, automobiles, and manufactured products, and it

has one of the highest free market economies in the world, the Index for Economic

Freedom in 2022 it was 76.6%, the Trade Freedom index is 83.2% and the Investment

Freedom is 80%, which means that in general a deal or investment arises within five

days compared to thirty-two. five days it takes in the rest of the world, (Datamonitor,

2011).

Canada is a country at the forefront of technology and began opening digital

businesses in 2006, which means being a favorable place for any foreign investment.

The trustworthy and solid banking system

The Canadian economy has a reliable and solid banking system, which is

significant and highly relevant since the financial sector contributes to the economy

through taxes ($75 billion), which allows the financing of about 1.2 million SMEs and

generates jobs for more than 260,000 people, the contribution to the Gross Domestic

Product is more than 3% (Datamonitor, 2011). The Canadian banking system provides

jobs for nearly 90,000 outside of Canada. There are more than 6,000 domestic and

foreign bank branches and financial service providers (35 trust companies, 1,000 credit

unions, 70 life insurance companies, and 200 financial companies) the same which

constitutes a safe and healthy banking system due to the number and solidity of payment

terminals (630,000 DPTs) and 58,000 ATMs, which meant that in times of pandemic,

banks managed to guarantee economic reactivation.