Canada is open to the world—welcoming new ideas, creative ways of thinking and a diversity of cultures. It's a big part of what makes Canada a great place to invest, grow a business and raise a family. Through Budget 2017, the Government of Canada will continue to strengthen Canada's middle class by deepening its engagement with the world and investing in key partnerships such as the special relationship it has with the United Kingdom.

"Canada and the United Kingdom enjoy a partnership that is essential to our shared prosperity, and which has long served as a model for the rest of the world. Working together, we can create more opportunities and prosperity for middle class families in both of our countries."

- Bill Morneau, Minister of Finance

• The United Kingdom is Canada's most important trade partner in Europe and, from a global perspective, ranks fifth after the United States, China, Mexico and Japan. 

• In 2016, total bilateral trade in goods and services reached nearly CDN$40 billion, and over the last five years, the United Kingdom has been Canada's third-largest goods export market.

   

• The United Kingdom is an important source of direct foreign investment into Canada, ranking fourth among all countries, and Canadian companies invest heavily in the U.K. In 2015, the two-way stock of investment stood at almost CDN$130 billion.

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Media may contact:

Annie Donolo
Press Secretary
Office of the Minister of Finance
annie.donolo@canada.ca
613-769-7187

Media Relations
Department of Finance Canada
fin.media-media.fin@canada.ca
613-369-4000

General enquiries

Phone: 613-369-3710
Facsimile: 613-369-4065
TTY: 613-369-3230
E-mail: fin.financepublic-financepublique.fin@canada.ca