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Montréal has the best foreign direct investment strategy in Canada and 3rd best in Americas

June 12, 2019

Greater Montréal has again been named the top destination for foreign direct investment (FDI) in fDi Magazine’s American Cities of the Future 2019–2020 rankings. The city earned first place in Canada and third place in the Americas behind New York City and Chicago.

Montréal also placed fourth in the “Overall American Cities of the Future” category among major urban centres on the continent. The city sets itself apart due to its Business Friendliness, Economic Potential as well as Human Capital and Lifestyle.

Greater Montréal’s exceptional standing in the 2019–2020 rankings shows that the city has what it takes to be recognized as a prime destination for FDI. Montréal International’s results confirm it, with 2018 record investments totalling $2.474 billion, an increase of 22% compared to 2017 and 147% since 2015. High-tech sectors are still the city’s economic pillars, accounting for 62% of the total.

“Greater Montréal’s attraction strategy focuses on promoting our leading-edge sectors boasting a critical mass of highly skilled talent, a high concentration of global players, a booming startup community and specialized R&D centres.”

Valérie Plante

Mayor of Montréal

Recall that in 2018, Greater Montréal was crowned No. 1 by fDi Magazine for best FDI strategy in the Digital Economies of the Future ranking, and climbed up among the Top 10 best FDI strategy in the Global Cities of the Future 2018/2019 category.

About the fDi Magazine rankings

The American Cities of the Future 2019–2020 rankings are part of fDi Magazine’s “Locations of the Future” series designed to identify the most promising destinations around the world for future inward investment. Each region is assessed every two years. fDi Magazine is part of the fDi Intelligence division of the Financial Times. Data for the study was collected for 218 locations under five categories, including Economic Potential, Business Friendliness, Human Capital and Lifestyle, Cost Effectiveness and Connectivity.

For details of the ranking, go to the rankings section of the fDi Magazine website.