Currently viewing Global edition

Canada's mining industry competitiveness in decline

Data in the Mining Association of Canada’s (MAC) 2019 annual report paints a diminishing picture of Canada as an attracting target for foreign direct investment, with macroeconomic trends set to continue buffeting the country's economy in 2020.

Canada's mining industry competitiveness in decline Canada's mining industry competitiveness in decline Canada's mining industry competitiveness in decline Canada's mining industry competitiveness in decline Canada's mining industry competitiveness in decline

The Mining Association of Canada cautions the country is slipping as a trusted destination for foreign investment

FDI to Canada is down 26% since 2010, now at one-third the peak levels of 2007 and Canadian capital investment is now under 10% of GDP, its lowest level since the global financial crisis.