A higher ranking is indicative of a greater likelihood of respondents making direct investments in the market over the next three years.
Overall, sentiment expressed was surprisingly high, given that the pandemic has entered its third year, but respondents expressed concerns about the conflict in Ukraine, rising commodity prices and persistent inflation.
The FDICI’s responses highlight the importance of transparency for business leaders.
Canada is one of 21 developed markets out of 25 on the index and along with showing strength in handling the pandemic, these countries are also considered to have regulatory transparency and stability.
Investors cited transparency of government regulations and lack of corruption as the most important overall factors when choosing where to invest FDI.