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Chambre de Commerce - Fiche d'information pays Dernière mise à jour: 11.08.2021

Vos conseillers à la Chambre de Commerce

  • Diana Rutledge
    +352423939338
  • Edith Stein
    +352423939482
Contactez-nous: northamerica@cc.lu

Indicateurs clés

Région
9,984,670 km2
Population
37,943,231 (July 2021 est.)
Type de gouvernement
federal parliamentary democracy (Parliament of Canada) under a constitutional monarchy; a Commonwealth realm; federal and state authorities and responsibilities regulated in constitution
Langues
English (official) 58.7%, French (official) 22%, Punjabi 1.4%, Italian 1.3%, Spanish 1.3%, German 1.3%, Cantonese 1.2%, Tagalog 1.2%, Arabic 1.1%, other 10.5% (2011 est.)
PIB
$1.643 trillion (2020 est.)
Taux de croissance
-5.4% (2020 est.)
IHD
16
Capitale
Ottawa

 

Introduction

A land of vast distances and rich natural resources, Canada became a self-governing dominion in 1867 while retaining ties to the British crown. Economically and technologically, the nation has developed in parallel with the US, its neighbor to the south across the World's longest unfortified border. Canada faces the political challenges of meeting public demands for quality improvements in health care, education, social services, and economic competitiveness, as well as responding to the particular concerns of predominantly francophone Quebec. Canada also aims to develop its diverse energy resources while maintaining its commitment to the environment.

Source: The CIA World Factbook - Canada  

 

Indicateurs macroéconomiques

Slower growth since the second half of 2017 is projected to give way to growth of over 2% from mid-2018. The uplift will be export-led, reflecting gradual restoration of oil pipeline capacity and strong US growth. Business investment is projected to strengthen to ease tightening capacity constraints. Unemployment should decline further to record lows.

The Bank of Canada is projected to gradually withdraw monetary stimulus, and the inflation rate is set to remain slightly above 2%. Further rate increases will be required to meet the Bank’s (medium-term) inflation target. Fiscal policy is also projected to tighten somewhat, creating room to support the economy during the next downturn and reducing the extent to which interest rates need to rise. Macro-prudential policy has been gradually tightened, and there are signs that housing markets are stabilising. Nevertheless, further adjustments may prove necessary should the balance of risks change. Government funding for childcare should be increased further in a fiscally neutral way to raise female employment, reduce the gender earnings gap and make growth more inclusive.

Source: OECD - Economic Forecast

IMF Statistics: 

 

Subject descriptor20182019202020212022
Gross domestic product, constant prices
Percent change
1.8791.5451.7611.7561.719
Gross domestic product, current prices
U.S. dollars (Billions)
1,712.4791,730.9141,812.4601,910.9442,013.453
Gross domestic product per capita, current prices
U.S. dollars (Units)
46,290.21746,212.84247,931.46050,066.62052,269.463
Inflation, average consumer prices
Percent change
2.2432.0132.0272.0042.149
Volume of imports of goods and services
Percent change
2.8860.7421.6922.5132.339
Volume of exports of goods and services
Percent change
3.2103.0532.9821.8761.107
Unemployment rate
Percent of total labor force
5.8255.7945.9996.1156.251
Current account balance
U.S. dollars (Billions)
-45.162-32.477-30.187-32.241-33.284
Current account balance
Percent of GDP
-2.637-1.876-1.666-1.687-1.653
Colored cells are estimates

Source: IMF Statistics - Canada

 

Le Luxembourg et le pays

Existing conventions and agreements

Non double taxation agreement

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Convention from 01.17.1989 (Memorial 1991, A, p.465)
  • Effective as of 07.08.1991 (Memorial 1991, A, p.1368)
  • Convention from 10.9.1999  (Memorial 2000, A No.89, p.2078)
  • Effective as of 1.01.2001 (Memorial 2000, A No.89, p.2078)
  • Amendment of the Convention from 08.05.2012 (Memorial 2013, p.1698)
  • Effective as of 01.01.2014 (Memorial 2013, p.1698)

Air Services agreement

  • Agreement from 06.23.2003
  • Effective as of 23.06.2003

Source: Administrations des contributions directes

 

Plus d'informations

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in Canada

Embassy of the Grand Duchy of Luxembourg in Canada

Ambassador with residence in Washington: Mr Gaston STRONCK
2200 Massachusetts Avenue N. W.
Washington, D.C. 20008
United States of America

Tel.: (+1-202) 265-4171 / 72
Fax: (+1-202) 328-8270
E-Mail: washington.amb(at)mae.etat.lu

 

Honorary consuls

Honorary Consul with jurisdiction over Quebec:

Mr Michel DESCHAMPS

McCarthy Tétrault LLP
Bureau 2500
1000, rue De La Gauchetière Ouest
QC H3B 0A2 Montréal
Canada

Tel.: (+1) 514 397 4138
E-Mail: montreal(at)consul-hon.lu 

Honorary Consul with jurisdiction over the Capital Region:

Mr Paul WILLOX 

251 Laurier Avenue West, Suite 900
K1P 5J6 Ottawa, Ontario
Canada

Tel.: (+1) (613) 751-4472
Mobile: (+1) (613) 816-1955
E-Mail: ottawa(at)consul-hon.lu 

Honorary Consul with jurisdiction over Ontario: 

Ms Shauneen Elizabeth BRUDER

1318 Cleaver Drive
Oakville
L6J 1W4 Toronto, Ontario
Canada

Tel.: (+1) (416) 809 1016
E-Mail: toronto(at)consul-hon.lu 

Honorary Consul with jurisdiction over  the Province of British Columbia:

Mr Ron BOZZER

Hungerford Tomyn Lawrenson and Nils.
Barristers & Solicitors
1100 Cathedral Place
925 West Georgia Street
V6C 3L2 Vancouver
Canada

Tel.: (+1) 604 408 5616
E-Mail: vancouver(at)consul-hon.lu 

Source: Ministry of Foreign affairs of Luxembourg

 

Economic and Commercial Attachés

Economic and Commercial Attaché (AWEX):

Mr Frank Murari
2 Bloor Street West, Suite 2508 Box 86
Toronto, ON M4W 3E2
Canada

Tel.: (+1) 416 515 77 77
Fax: (+1) 416 515 77 74
E-Mail: toronto(at)awex-wallonia.com

Source: AWEX

 

Economic and Commercial Attaché (HUB):

Mr Bart Schobben

Brussels Capital Region Office in Vancouver
221 West Esplanade (Suite 412)
North Vancouver, BC, V7M3J3
Canada

Tel.: (
+1) 604 770 3505
E-Mail: vancouver(at)hub.brussels                                           

Source: Invest-export.brussels

 

Country risk as defined by Office du Ducroire for Canada

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: Office du Ducroire - Country Risk Canada 

Additional information on Toronto, Montreal, Vancouver and Calgary.

Toronto

- Canada's financial and business capital

- GDP of $260 billion

- 6 million regional inhabitants

- Largest natural resources stock exchange in the world

- 82 companies with over $1 billion in annual revenues

- Over 196,000 businesses

- $70 billion in goods and services exported annually

- Workforce of 3.2 million

- Well-educated and culturally-diverse population

Sector strengths: Financial services, Technology, Life Sciences, Clean-Tech and Renewable Energy

Montreal

- Surface area of 4,000km2

- GDP of $161 billion

- 4 million regional inhabitants

- Lowest operating costs in North America

- Largest intermodal port in Eastern Canada

- Most direct access to the North American and European markets

- Top university city in Canada

- Over 40,000 university graduates each year

- 11 academic institutions, including four general-education universities (two French and two English)

- 54% of the population is bilingual (French and English)

- 60 international organizations

- 2,000 subsidiaries of foreign companies

Sector strengths: ICT, Aeropsace, Life sciences and Health Technology, Cleantech.

Vancouver

- GDP of $110 billion

- 2,3 million regional inhabitants

- Competitive tax regime

- Closest major port to Asia

- Some of the lowest energy rates in North America

Sector strengths: CleanTech, Information and Communication Technology (ICT), Digital entertainment and Interactve, Social Enterprise

Calgary

- GDP of $97 billion

- 1,2 regional inhabitants

- Highest personal income

- Fastest growing labour force and lowest unemployment rate in Canada

- Sector strenghts: Energy, Manufacturing, Technology, Financial services sector

Of special interest: Plan Nord Quebec

Twenty-five years seem like a lifetime away, but the Quebec government's Plan Nord could result in a huge transformation of Northern Quebec in what's, in reality, a relatively short amount of time, given its ambitious objectives.                              

The numbers are nothing short of impressive. The Quebec Government projects Plan Nord to lead to over $80 billion in investments, $47 billion towards renewable energy and $33 billion for investments in the mining sector and public infrastructure such as roads, rail and airports. It will also create or consolidate about 20,000 jobs per year over a 25-year period. In its recently released  plan, the government says it hopes the initative will be to the coming decades what the development of La Manicouagan and James Bay were to the 1960-70s.

The mining industry could play a huge part in this investment. The 1.2 million km area the plan covers is a wealth of untapped opportunities that could surely captivate the interests of domestic and global mining companies. This territory produces all of Quebec's nickel, zinc and iron ore, to name a few. There are already at least 11 new projects that could be launched in the coming years in the territory the Plan Nord covers.

Other useful links