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
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
|Gross domestic product, constant prices|
|Gross domestic product, current prices|
U.S. dollars (Billions)
|Gross domestic product per capita, current prices|
U.S. dollars (Units)
|Inflation, average consumer prices|
|Volume of imports of goods and services|
|Volume of exports of goods and services|
Percent of total labor force
|Current account balance|
U.S. dollars (Billions)
|Current account balance|
Percent of GDP
Source: IMF Statistics - Canada
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.
Air Services agreement
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.
Embassy of the Grand Duchy of Luxembourg in Canada
Ambassador with residence in Washington: Mrs Sylvie LUCAS
2200 Massachusetts Avenue N. W.
Washington, D.C. 20008
Tel: (+1-202) 265-4171 / 72
Fax: (+1-202) 328-8270
Honorary Consul with jurisdiction over the provinces of Alberta, Yukon and Saskatchewan and the Northwest Territories:
Mr. Z.G. HAVLENA
8944 Bayridge Drive, S.W.
Calgary, Alberta T2V 3M8 Canada Montreal
Teknica Overseas Ltd..
2500, 530 - 8th Ave SW
Calgary Alberta Canada T2P 3S8
Tel: +1 403 262 55 76
Fax: +1 403 262 35 56 / +1 403 266 43 95
Honorary Consul with jurisdiction over Quebec and the Atlantic provinces of Canada:
Ms. Alain COTE
1 Place Ville marie, Suite 3000
Montreal, QC H3B 4T9
Tel: + 1 514 393 5317 / + 1 514 926 5317
Fax: +1 514 390 4111
Honorary Consul with jurisdiction over the Province of British Columbia:
Mr. Ron L. BOZZER
Hungerford Tomyn Lawrenson and Nichols.
Barristers & Solicitors
1100 Cathedral Place
925 West Georgia Street
Vancouver, B.C. Canada V6C 3L2
Tel: + 001 604 408 5616
Fax: + 001 604 408 5637
Honorary Consul with jurisdiction over the Capital Region and Ottawa:
Mr. Paul G. WILLOX
World Echange Plaza
45 O'Connor Street, Suite 1150
Ottawa, Ontario K1P 1A4
Tel: +1 613 755 4091 / +1 613 816 1955
Fax: +1 613 237 9145
Honorary Consul with jurisdiction over Ontario:
Ms. Shauneen Elizabeth BRUDER
Royal Bank of Canada
310 Front Street West 2d, Floor
Toronto, Ontario M%V 3B
Tel: +1 416 955 7767
Fax: +1 416 955 8687
Economic and Commercial Attachés
Economic and Commercial Attaché (AWEX):
Mr Frank Murari
2 Bloor Street West, Suite 2508 Box 86
Toronto, ON M4W 3E2
Tel: (+1) 416 515 77 77
Fax: (+1) 416 515 77 74
Economic and Commercial Attaché (HUB):
Mr Bart Schobben
Brussels Capital Region Office in Vancouver
221 West Esplanade (Suite 412)
North Vancouver, BC, V7M3J3
Tel.: (+1) 604 770 3505
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.
Additional information on Toronto, Montreal, Vancouver and Calgary.
- 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
- 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.
- 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
- 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.