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Woman holding Canadian flag in front of mountain landscape

FDI into Canada hits 15-year high

News Type
Latest news
Industry & topics
FDI for Canada
By
Invest in Canada
Date
In 2021, FDI inflows into Canada reached $74.8 billion, which is 50% above the historical annual average in the decade since 2011. Learn more.
panelists at Toronto Global Forum 2021

Canada: a spark for the batteries and electric vehicles industry

News Type
Insights
Industry & topics
EV battery supply chain
FDI for Canada
Batteries
By
Invest in Canada
Date
Canada has the resources, talent and agility required to respond to emerging global needs for electric vehicles and batteries. Learn more.

Investment Features

Volkswagen

Type of investment
Electric vehicle battery manufacturing facility
Total invested
$7 billion
Total jobs
3,000
Source country
Germany
Location
St. Thomas, ON

Rio Tinto Group

Type of investment
Low-carbon smelting project
Total invested
$188 million
Total jobs
40
Source country
United Kingdom
Location
Alma, QC

The Cultivated B.

Type of investment
Manufacturing facility and innovation hub for cellular agriculture operations
Total invested
$50 million
Total jobs
200
Source country
Germany
Location
Burlington, ON

Ricardo

Type of investment
Aerospace centre of excellence
Total jobs
25
Source country
United Kingdom
Location
Montréal, QC

Moderna

Type of investment
New mRNA vaccine manufacturing facility
Total invested
$180 million
Total jobs
200 to 300
Source country
United States
Location
Laval, QC

Rio Tinto Group

Type of investment
Expansion of hydroelectric power plant
Total invested
$252 million
Total jobs
40
Source country
United Kingdom
Location
Alma, QC

Buckeye Partners

Type of investment
Acquisition of Bear Head Energy
Source country
United States
Location
Port Hawkesbury, NS

Cellcentric

Type of investment
Fuel stack production facility
Total jobs
70
Source country
Germany
Location
Burnaby, BC

Avanade

Type of investment
Launch of a new engineering hub
Total jobs
300
Source country
Ireland
Location
Halifax, NS

IBM

Type of investment
Opening an IBM Client Innovation Centre
Total jobs
250
Source country
United States
Location
Calgary, AB

Minova

Type of investment
Production facility for ground support solutions for mining, construction and energy industries
Total jobs
70
Source country
Australia
Location
Hamilton, ON

Stellantis

Type of investment
Modernize facilities for electric vehicle production and set up R&D centres
Total invested
$3.6 billion
Total jobs
650
Source country
Netherlands
Location
Brampton, ON

General Motors (GM) Canada

Type of investment
Facility expansion for electric vehicle production
Total invested
$2 billion
Total jobs
2,600
Source country
United States
Location
Oshawa, ON

Barry Callebaut

Type of investment
Specialty chocolate factory
Total invested
$140 million
Source country
Switzerland
Location
Brantford, ON

Nature Energy

Type of investment
Large-scale facility for renewable natural gas production
Total invested
$100 million
Total jobs
200
Source country
Denmark
Location
Farnham, QC

POSCO Chemical and GM

Type of investment
Cathode active material production facility
Total invested
$500 million
Total jobs
200
Source country
South Korea and United States
Location
Bécancour, QC

Stellantis and LG Energy Solution

Type of investment
Electric vehicle battery manufacturing facility
Total invested
$5 billion
Total jobs
2,500
Source country
Netherlands & South Korea
Location
Windsor, ON

Newmont

Type of investment
Development of Coffee Gold Mine project
Total jobs
700
Source country
United States
Location
Yukon

Kyndryl

Type of investment
Technology services centre
Total invested
$5.7 million
Total jobs
100
Source country
United States
Location
Montréal, QC

Braya Renewables

Type of investment
Acquisition of renewable diesel refinery and investment in facility upgrades
Total invested
$509 million
Total jobs
200
Source country
United States
Location
Come By Chance, NL

Rio Tinto Group

Type of investment
Facility expansion to increase low-carbon aluminum production
Total invested
$193.6 million
Total jobs
81
Source country
United Kingdom
Location
Saguenay, QC

Ubisoft

Type of investment
New production studio, accelerator and training programs
Total invested
$950 million
Total jobs
250
Source country
France
Location
Sherbrooke, QC and Winnipeg, MB

Rio Tinto Group

Type of investment
Purchase of Diavik diamond mine
Source country
United Kingdom
Location
Yellowknife, NT

Roquette

Type of investment
R&D centre to accelerate development of new plant-based proteins
Total invested
$17 million
Total jobs
69
Source country
France
Location
Winnipeg, MB

De Havilland

Type of investment
Aircraft manufacturing facility and employee training centre
Total jobs
1,500
Source country
United Kingdom
Location
Wheatland County, AB

Hexagon Purus

Type of investment
New manufacturing facility for battery packs and hydrogen storage systems
Total invested
$130.6 million
Total jobs
134
Source country
Norway
Location
Kelowna, BC

BHP Group

Type of investment
Development of the Jansen Potash Project
Total invested
$12.5 billion
Total jobs
4,100
Source country
Australia
Location
Jansen, SK

LM Wind Power

Type of investment
Expansion of wind turbine blade facility
Total invested
$65 million
Total jobs
200
Source country
United States
Location
Gaspé, QC

Virtusa

Type of investment
New expansion into Canada
Total jobs
180
Source country
United States
Location
Halifax, NS

Vale

Type of investment
Mining activities expansion
Total invested
$150 million
Total jobs
61
Source country
Brazil
Location
Thompson, MB

Air Products

Type of investment
New blue hydrogen energy complex
Total invested
$1.3 billion
Total jobs
2,500
Source country
United States
Location
Edmonton, AB

Nestlé Canada

Type of investment
Ice cream factory expansion
Total invested
$43.6 million
Total jobs
88
Source country
Switzerland
Location
London, ON

Mphasis

Type of investment
Expanding operations in Canada for development of quantum technologies
Total jobs
500 to 1,000
Source country
India
Location
Calgary, AB

Cheetah Resources

Type of investment
Development of the Nechalacho project, Canada’s first rare-earth metals mine
Source country
Australia
Location
Yellowknife, NT

Marshall Canada

Type of investment
Land systems production and integration facility
Total invested
$18 million
Total jobs
75
Source country
United Kingdom
Location
Moncton, NB

Amazon

Type of investment
Solar project
Source country
United States
Location
Newell County, AB

Cargill

Type of investment
Canola processing facility
Total invested
$350 million
Total jobs
50
Source country
United States
Location
Regina, SK

Sanofi

Type of investment
Influenza vaccine production facility
Total invested
$927.9 million
Total jobs
300
Source country
France
Location
Toronto, ON

Grieg Seafood

Type of investment
Aquaculture facility
Total invested
$233 million
Source country
Norway
Location
Marystown, NL

Tata Consultancy Services

Type of investment
Information technology delivery centre
Total invested
$5.7 million
Total jobs
100
Source country
India
Location
Montréal, QC

HCL Technologies

Type of investment
New Digital Acceleration Centre
Total jobs
350
Source country
India
Location
Mississauga, ON

Siemens Energy

Type of investment
First waste heat-to-power facility in Canada
Total invested
$200.3 million
Total jobs
11
Source country
Germany
Location
Greenview, AB

Netflix

Type of investment
New Canadian corporate headquarters
Total invested
$5.5 million
Total jobs
13
Source country
United States
Location
Toronto, ON

Klarna

Type of investment
North American product development and tech hub
Total invested
$20.3 million
Total jobs
38
Source country
Sweden
Location
Toronto, ON

General Motors (GM) Canada

Type of investment
Expansion to build electric delivery vans
Total invested
$800 million
Total jobs
699
Source country
United States
Location
Ingersoll, ON

Piramal Pharma Solutions

Type of investment
Manufacturing facilities expansion
Total invested
$30 million
Total jobs
26
Source country
India
Location
Aurora, ON

Air Liquide

Type of investment
New hydrogen facility in Bécancour
Source country
France
Location
Bécancour, QC

Amazon

Type of investment
New pickup depot at Iqaluit airport
Source country
United States
Location
Iqaluit, NU

Raven Industries Inc.

Type of investment
New Canadian headquarters and innovation centre
Total invested
$15.1 million
Total jobs
60
Source country
United States
Location
Regina, SK

Nova Bus

Type of investment
Expansion of bus manufacturing facility
Total invested
$10 million
Total jobs
33
Source country
Sweden
Location
Saint-François-du-Lac, QC

NASDAQ

Type of investment
Acquisition of Verafin
Total invested
$3.6 billion
Source country
United States
Location
St. John’s, NL

Chime Bank

Type of investment
Canadian office
Total invested
$3.8 million
Total jobs
20
Source country
United States
Location
Vancouver, BC

Novartis Pharmaceuticals Canada

Type of investment
Digital innovation hub
Total invested
$47.2 million
Total jobs
94
Source country
Switzerland
Location
Montréal, QC

Berkshire Hathaway Energy Canada (BHE Canada)

Type of investment
Wind turbines
Total invested
$199.9 million
Total jobs
13
Source country
United States
Location
Ridge, AB

Roche

Type of investment
New global pharma technical operations at its Canadian headquarters
Total invested
$500 million
Total jobs
500
Source country
Switzerland
Location
Mississauga, ON

Infosys Technologies

Type of investment
Expanding operations in Canada
Total invested
$7 million
Total jobs
500
Source country
India
Location
Calgary, AB

Ford Canada

Type of investment
Manufacturing of fully battery electric vehicles
Total invested
$1.8 billion
Total jobs
1,260
Source country
United States
Location
Oakville, ON

Elkem

Type of investment
New biocarbon pilot plant
Total invested
$26 million
Total jobs
2
Source country
Norway
Location
Chicoutimi, QC

3M Canada

Type of investment
N95 respirator production facility
Total invested
$91.1 million
Total jobs
30
Source country
United States
Location
Brockville, ON

Xero Limited

Type of investment
North American hub for product development and technology innovation
Total invested
$89.1 million
Total jobs
123
Source country
New Zealand
Location
Toronto, ON

BusPatrol

Type of investment
New office and R&D centre
Total invested
$184.1 million
Total jobs
150
Source country
United States
Location
Montréal, QC

Viterra

Type of investment
Grain facilities
Total invested
$54 million
Total jobs
129
Source country
Switzerland
Location
Rosser, MB and Biggar, SK

Sumitomo Metal Mining

Type of investment
Gold mining project joint venture with IAMGOLD
Total invested
$1.3 billion
Total jobs
450
Source country
Japan
Location
Gogama, ON

Enel Green Power

Type of investment
Connecting three new wind farms in North America
Total invested
$210 million
Total jobs
10
Source country
Italy
Location
Pincher Creek, AB

Corvus Energy

Type of investment
Expansion of maritime battery manufacturing facility
Total invested
$20.8 million
Total jobs
40
Source country
Norway
Location
Richmond, BC

DeBeers

Type of investment
Land purchase to expand Canada’s newest diamond mine
Total invested
$436 million
Total jobs
395
Source country
United Kingdom
Location
Yellowknife, NT

Brex

Type of investment
Software engineering and customer support office
Total invested
$32.7 million
Total jobs
40
Source country
United States
Location
Vancouver, BC

Google

Type of investment
Expansion and new offices
Total invested
$327.7 million
Total jobs
3,500
Source country
United States
Location
Montréal, QC; Toronto, ON; Waterloo, ON

Accenture

Type of investment
Intelligent operations centre
Total invested
$12.4 million
Total jobs
100
Source country
Ireland
Location
St. Catharines, ON

Dow

Type of investment
Expansion of world’s first net-zero ethylene and derivatives plant
Total invested
$276 million
Total jobs
113
Source country
United States
Location
Fort Saskatchewan, AB

Mastercard

Type of investment
Global Intelligence and Cyber Centre
Total invested
$663.5 million
Total jobs
380
Source country
United States
Location
Vancouver, BC

Testimonials

We are confident that Canada has what is needed to build an EV battery chain.

Toshihiro Mibe, Global CEO, Honda Motor Co

We are a company whose lifeblood is innovation. So, What we enjoy in Canada is the focus of the government on innovation, on ecosystems. What is also very, very important in Canada is the access and availability of talent,

Faisal Kazi, President and CEO, Siemens Canada

We have been working on building a diverse work pool for many years and Canada is certainly the most advanced of all our affiliates around the world.

Pascal Soriot, CEO, AstraZeneca

We are very grateful for the support and help of Invest in Canada because they helped us to connect with the right stakeholders, to open the right doors, to understand the local priorities and processes. Thanks to them we were able to make the right decisions in the right sequence.

Roman Senecky, COO, Kraft Paper, Mondi

Invest in Canada has been instrumental to guide us. It's a very complex file and it was really important to have a partner to dialogue with and steer the boat in the right direction.

Paolo Cerruti, Co-founder and CEO of Northvolt

"Canada is home to some of the greatest universities in the world and every year more and more great talent is graduating. For companies looking to scale their operations or enter new fields, Canada is a perfect place to partner and tap into that talent."

Stephen Hampton, Manager, Public Policy and Government Affairs, Telesat

"During PSA’s investment process, Invest in Canada was very helpful, active and engaged in helping us complete our investment project. They kept us abreast of legislation, investment climate and specific opportunities in the port sector along the way."

Enno Koll, Head of Americas, PSA International Pte Ltd

"Canada is an excellent environment from a political perspective, from a stability perspective – and for us, that long-term thinking is key."

Frank Voss, President, Toyota Motor Manufacturing Canada

"Sekisui chose Prince Edward Island for the cost competitiveness of our workforce, our strategic placement to ship by land or air into our North American market, or air or sea into our European market."

Eugene Howatt, Plant Manager, Sekisui Diagnostics