Question Period Note: Invest in Canada's mandate and key accomplishments.

Investments from global companies into Canada are a key strategic lever for Canada's economic development, helping to spur innovation and creating highly skilled and well-paying jobs in communities

• The mandate of Invest in Canada (IIC) is to promote, facilitate and accelerate foreign direct investments (FDI) in Canada.
• Working seamlessly with the Trade Commissioner Service (TCS), and other government departments and agencies, IIC is coordinating complex and transformative investments that will create new jobs and opportunities for Canadians in sectors central to Canada's economic recovery.

• IIC, working together with the TCS in markets abroad, finds the best to invest: the most committed and best qualified global investors to invest here at home, and in so doing help build a prosperous, sustainable economy for our communities, our country and our world.
• Invest in Canada provides customized and confidential services to high-impact investors, coordinates the efforts of partners, and promotes Canada as a premier investment destination on the world stage.
• Thanks to its vast territory, wealth of resources, pro-social values, quality of life, and abundant expertise, Canada will increasingly become the destination of choice for FDI in the new world economy.

Over the past 10 years, FDI in Canada has increased by an average of 8.1% per year, indicating that global companies continue to trust Canada as an investment destination of choice.

While FDI decreased in all developed economies during the height of the pandemic, Canada fared much better than most of its G7 counterparts and across the developed world in 2020.

For the last full reporting year (2020), global investors announced 545 foreign investments in Canada totaling $32.3 billion and forecasting the creation of more than 32,000 new jobs.

More investments landed in Canada in the first half of 2021 than in all of 2020 combined, showing Canada FDI is poised to significantly contribute to Canada's economic recovery.

Since April 2021, Invest in Canada has facilitated 28 investment wins. This represents approximately $18 billion in anticipated capital expenditure and will create well over 2,000 jobs.

Global FDI flows are projected to increase up to 20% by 2022, and Canada is poised to capitalize on its leadership in key industries such as advanced manufacturing, clean energy, agriculture, and ocean technology.

Global investors clearly view Canada as an attractive investment destination, despite the pandemic: For a second year in a row, Canada held the No. 2 spot on consulting firm Kearney's Foreign Direct Investment Confidence Index.

Foreign direct investment brings many benefits to Canada and Canadians: it is a vital source of good, well-paying jobs, it helps Canadian companies innovate and grow, and it allows Canada to compete in global markets.

None