WHY SHOULD YOU INVEST IN CANADA?! AGRI-FOOD • According to KPMG Competitive Alternatives 2016, food processing facilities based in Canada typically enjoy a 32.2% savings on total labour costs (including benefits) relative to their U.S.-based counterparts. • Canada has an exceptional abundance of natural resources: • providing manufacturers with a consistent and steady supply of domestically sourced essential raw materials for the production of high-quality agri-food products. • Internationally recognized regulatory and food inspection systems: • Ensuring world-class standards meaning that products are safe, nutritious and of the highest quality. • Preferential access to markets in more than 40 countries: • representing more than 1.2 billion consumers and over US $43 trillion or more than half of global GDP. ELECTRIC VEHICLES (Evs) TREND Growth factors • China: - 271 new EV buses in China every day - Govt. subsidies for EV buyers • Every large car manufacturer is developing new EV models • Cost of batteries are lowering considerably (Down 124% since 2014) • The cost of EVs is set to reach parity with Combustion Engine vehicles by 2021 2019 Nickel will replace much of the cobalt in the batteries for the electric cars of the future, making them more energy and cost efficent. Internal Combustion Engine (ICE) Vehicles Future BATTERIES FOR THE EVS OF TOMORROW NMC 111 Cobalt Cobalt Nickel NMC 811 Electric Vehicle Batteries Representing up to 80% of material composition by mass of these batteries Nickel NCA TESLA NICKEL Class 1 : High Purity- Used in stainless steel, plating, foundry and super-alloys. • Suitable for rechargeable batteries Increased demand for EV batteries could see Nickel price move back towards previous highs The Nickel market that has not had the “hockey stick” price growth of cobalt and lithium. Nickel’s time is coming. In 2016, driven by the increase in demand in batteries for EVs, the prices of both Cobalt and Lithium skyrocketed STEM CELLS • Stem cells were discovered in Canada in the 1960s • Canada is leading the science and have begun to leverage commercialization around the globe • Government supported Stem Cell Network (SCN) has facilitated the growth of Canada’s stem cell research community through funding research projects and research ARTIFICIAL INTELLIGENCE MONTREAL’S LEADING RESEARCHERS • The most cited computer scientist per day (Sept. 2018) • Full Professor, Department of Computer Science and Operations Research, Université de Montreal • Scientific Director of MILA • CIFAR Program Co-Director of IVADO • Canada Research Chair in Statistical Learning Algorithms • PhD in Computer Science from McGill University, 1991 • Worked at the CIFAR research Institute Alongside Yann LeCun (now at Facebook) and Geoffrey Hinton (now at Google). MAJOR PUBLIC INVESTMENT $93.5 M from the First Research Excellence Fund (2016). $100 M over the next 5 years for the creation of a Quebec AI cluster (2017). $40 M for the Pan-Canadian Artificial Intelligence Strategy (2017). Montreal chosen as headquarters for SCALE AI, the only Canadian AI cluster to receive part of the $950 M supercluster initiative (2018) THE BEST STUDENT CITY IN THE AMERICAS AND CANADA’S UNIVERSITY CAPITAL • Canada’s university capital: 11 university institutions and 60 colleges • Close to 11,000 students enrolled in Artificial Intelligence related college programs in 2017. • More than $1 billion in funding dedicated to university research • Best student city in the Americas: 1 Montreal 2 Boston 3 Toronto 4 Vancouver 5 New York MOST COMPETITIVE OPERATING COSTS FOR SOFTWARE DEVELOPMENT • Running a business cost less in Greater Montreal than in any other major metropolitan area in Canada and the U.S. • 1st place ranking: The most competitive operating costs compared to any other major metropolitan area in Canada and the U.S. • 27% cost advantage compared to the average of the 20 largest metropolitan areas in Canada and the U.S. (2018) • Competitive R&D credits • Tax holidays for foreign Researchers and Experts AN ATTRACTIVE TAX, TREATMENT A Competitive Tax Burden Comparison of corporate effective tax rate (%), selected Canadian province and U.S. States, 2018 A LOW COST OF LIVING Greater Montreal is cheaper than almost all other large cities in North America and Western Europe: Mercer Cost of Living Index World rank from most to least expensive, 2009 cities * Greater Montreal offers a higher purchasing power thanks to: • Cheap housing • Generous family allowances • Low private medical insurance costs • Affordable child care • Lowest homicide rate among the 20 largest metropolitan areas in Canada and the U.S. • Health care provided at no cost • Lowest education tuition fees in North America • Vibrant cultural metropolis with 100+ festivals and 70 museums HOW COULD WE HELP YOU?! Access to institutional spread on currency conversions, saving clients from extra foreign exchange fees. Thank You