In 2020 there was a slight reversal of a more than 10-yr upward trend in foreign direct investment (FDI) in the Canadian energy sector. However, Canada continues to be an attractive destination for energy investment, as evidenced by the increase in 2021.
Canada has:
- an extensive, diverse, and rich energy resource base
- a stable democratic government
- a sound legal framework for business
- a diverse, skilled, and educated workforce
- an overall business culture strongly aligned with that of its largest trading partner, the United States
- Canada is an adjacent supplier to one of the largest energy consumers in the world