Minister Champagne announces appointments to Invest in Canada’s new board of directors

From: Global Affairs Canada

News release

July 5, 2018 - Ottawa, Ontario - Global Affairs Canada

International trade and investment are important to Canada’s economic growth and prosperity. Attracting foreign investment to Canada creates jobs, encourages innovation, expands trade and provides new opportunities for Canadian businesses. Today, the Honourable François-Philippe Champagne, Minister of International Trade, announced the appointment of six new directors to the new board of directors of Invest in Canada.

Invest in Canada’s mandate is to attract job-creating investment, working with all levels of government to make investing in Canada simpler and more attractive for global companies. One in eight of all jobs and 30% of manufacturing jobs is linked to foreign investment. The new board will work to strengthen Canada’s foreign direct investment (FDI) strategy to create more middle-class jobs for Canadians and connect more Canadian businesses to global supply chains.

The board’s responsibility is to supervise the direction and management of Invest in Canada and oversee its strategic direction. The directors are appointed by the Governor-in-Council for terms not exceeding three years. They are selected based on an open, transparent and merit-based selection process aimed at attracting high-quality candidates while reflecting gender parity and Canada’s diversity.

Quotes

“The leadership and management experience of Invest in Canada’s new board of directors will provide the essential guidance necessary for this new agency in fulfilling the ambitious mandate to attract new investment opportunities that will create more middle-class jobs and benefit all Canadians.”

- François-Philippe Champagne, Minister of International Trade

Quick facts

  • On March 12, 2018, the Government of Canada established Invest in Canada, a new federal agency to promote Canada as a top investment destination to the rest of the world and attract large job-creating investment.

  • Invest in Canada is led by Ian McKay, Chief Executive Officer, and Mitch Garber, Chairman of the Board, and managed by an independent board of directors.

  • The agency is a departmental corporation under the international trade portfolio, for which the minister of international trade is accountable to Parliament.

  • Invest in Canada will work with global companies and all levels of government to attract FDI in sectors aligned with the government’s economic growth strategy, in particular in advanced manufacturing, agri-food, clean technology, digital technology, health sciences and bio-sciences, and clean resources.

  • As recommended by the Growth Council, Invest in Canada will provide services similar to other successful G20 FDI agencies in France, Mexico, Singapore and the United States.

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