Page 203 - Caribbean-Central America Profile 2018

CANADA

CARIBBEAN-CENTRAL AMERICA PROFILE 2018

at reducing processing times at the border and Almost all the world’s ethnic groups are The Bank of Canada is the central bank. The
making the movement of goods cheaper, faster, represented in Canada, creating one of the financial services sector is dominated by six
more predictable and efficient. This includes world’s most culturally diverse and multilingual large domestic banks: Bank of Montreal,
providing access to advance rulings on the societies, with over 100 languages spoken. National Bank of Canada, Royal Bank,
origin or tariff classification of products, the Canada is also a world leader in integrating ScotiaBank, TD Bank, CIBC. All have offshore
automation of border procedures, and the newcomers, with progressive immigration laws branches or affiliates. In addition to domestic
creation of a transparent system for addressing highly conducive to hiring foreign workers. banks, seventy foreign banks operate in Canada.
complaints about customs rulings and decisions. A list of these banks could be provided by the
OTHER LAWS AND Canadian Bankers Association:
THE ASIA-PACIFIC GATEWAY REGULATIONS
AND CORRIDOR INITIATIVE Canadian Bankers Association
(APGCI) INTELLECTUAL PROPERTY Box 348
The Asia-Pacific Gateway and Corridor Nearly all business transactions and new product Commerce Court West
Initiative (APGCI) is an unprecedented launches have intellectual property implications. 199 Bay Street, 30th Floor
association of public and private sector resources Canadian federal law governs almost all Toronto, Ontario
to take advantage of Canada’s strategic location intellectual property in Canada. Federal statute
as the crossroads between the North American law regulates patents, trademarks, copyright M5L 1G2
marketplace and the booming economies of and moral rights, industrial designs, topography Tel: (416) 362-6092
Asia. This initiative is responding to the huge rights and plant breeders’ rights. Fax: (416) 362-7705
volume in cargo traffic that is expected to E-mail: inform@cba.ca
increase constantly with Asia-Pacific countries CANADIAN INTELLECTUAL Website: www.cba.ca
and China in particular. The significant PROPERTY OFFICE (CIPO) CENTRAL BANK
resources invested in the Gateway and Corridor The Canadian Intellectual Property Office The Bank of Canada
is increasing Canada’s competitiveness. (CIPO) is responsible for the administration and 234 Laurier Avenue West
processing of most intellectual property law in
Private sector investment in the gateway and Canada. CIPO’s areas of activity include: Ottawa, Ontario
corridor has been an important component of its • Patents that cover new inventions (process, Canada, K1A 0G9
success. The APGCI provides potential investors machine, manufacture, composition of Tel: (613) 782-8111
with a substantial competitive advantage. In matter), or any new and useful improvement Fax: (613) 782-7713
addition, logistical benefits make Canada even Email: info@bankofcanada.ca
more attractive as an investment location. of an existing invention. Website: www.bankofcanada.ca
• Trademarks are words, symbols or designs
TRANSPORTATION ADVANTAGE used to distinguish the wares or services of The Business Development Bank of Canada
To accommodate the phenomenal growth in one person or organization from those of (BDC) is a financial institution owned
free trade between Canada and the US, the two others in the marketplace. by the government of Canada. The BDC
countries have developed a shared Action Plan deliver financial and consulting services that
for Creating a Secure and Smart Border to speed • Copyrights provide protection for artistic, complement those of private sector financial
up the movement of legitimate travellers and dramatic, musical or literary works institutions.
trade. The busy-friendly features of the Smart (including computer programs). They also
Border Accord are: include performances, sound recordings Business Development Bank of Canada
• FAST lanes for pre-approved low-risk and communication signals. 5 Place Ville Marie, Suite 400
commercial traffic opened at Windsor- • Industrial designs are the visual features Montréal, Québec,
Detroit, Sarnia-Port Huron, and Fort Erie- applied to a finished manufactured article. Canada, H3B 5E7
Buffalo. For example: the shape, configuration, Tel: (877) 232-2269
• Automated permit ports, transponder pattern or ornament, or any combination of Fax: (877) 329-9232
identification systems and joint processing these features of an object. Website: www.bdc.ca
centres are being tested and deployed.
• Integrated circuit topographies refer to
Border wait times average less than 10 minutes, the three-dimensional configurations of STOCK EXCHANGE
one of the most efficient systems in the world. electronic circuits found in integrated circuit Canada has three specialized securities-trading
products or layout designs. markets. The largest is the Toronto Stock
LIFE STYLE ADVANTAGE Exchange (TSX). The Montréal Exchange
World-class universities, a universally specializes solely in trading derivatives.
acclaimed health care system, clean, friendly FINANCIAL SERVICES Shares of mining companies and other junior
cities and spectacular scenery make Canada Canada’s banking system was ranked the or speculative issues trade on the TSX Venture
a great place to invest, work, live and raise a soundest in the world by the World Economic Exchange. Canada’s Export Development
family. Canada is a large country in both size Forum three years in a row. Canada’s financial Corporation (EDC) provides trade finance and
and spirit. Canada ranks first among the G7 services sector has grown and diversified to risk management services to Canadian exporters
countries in providing equal opportunities include banks, financial cooperatives, insurance and foreign investors, including loans to foreign
for individuals, whether native-born or a new companies and independent insurance agents buyers, accounts receivable insurance to protect
arrival. Canadians welcome immigrants from and brokers, securities dealers, and managers of against non-payment, as well as other types of
around the globe. pension and mutual funds. financing products.

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