Montreal: Despite ongoing trade disputes between Canada and the United States, including threats of new tariffs from U.S. President Donald Trump, Montreal is experiencing a significant surge in foreign investment. Data released by Montréal International, the city’s economic development agency, indicates that foreign investment in the greater Montreal area jumped by 55% to $1.69 billion in the first six months of this year, a considerable increase compared to the same period last year.
These investments are projected to generate 1,866 new jobs with an average annual salary of $101,000. Notably, even with the existing tariffs and the looming threat of more, American companies remain a dominant source of foreign capital. A remarkable 46% of Montreal’s foreign investment this year has originated from U.S. firms.
Stéphane Paquet, CEO of Montréal International, stated that the uncertainty surrounding immigration policies poses a greater challenge to investment in the city than the trade war. He emphasized that companies are seeking more stability in provincial and federal immigration policies to enable them to more accurately predict labor market trends.
