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The Canadian economy is dominated by free market activities and private enterprise. As
a result, it is relatively easy to commence or expand business activities in Canada. In addition, in recent
years the federal government has acknowledged the need for and benefits of attracting foreign investment
into the country. There is no general insistence that foreign businesses operate only on a joint venture
basis with Canadian controlled businesses or that they attract Canadian minority investors. For North
American investors, entry to Canada is even easier than it is for other foreign investors pursuant to the
North American Free Trade Agreement (the "NAFTA").
One of the primary objectives of the NAFTA is to eventually eliminate all barriers to
trade in goods and services between Canada, the United States and Mexico. As a result of the
implementation of the NAFTA, the Canadian business climate is increasingly more receptive to new
investments and Canadian industry is continuing to be challenged to be more competitive and export
driven...
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