Ireland Canada Trade

“Within a short few months in 2017, highly visible and reciprocal visits by former Taoiseach Enda Kenny and Prime Minister Trudeau have further endorsed the ICBA view that economic, political and cultural ties between Canada and Ireland need to be renewed and prioritised. The timing and potential advantages of CETA have been greatly accentuated by the deepening confusion as to the conduct and, moreover, the outcome of the Brexit negotiations.”
Garrett Monaghan , DWF & ICBA Chair

  • Over 4.4 millions Canadians -14% of the population  claim Irish ancestry, making the Irish the fourth-largest ethnic group in Canada.
  • Canada and Ireland celebrated 75 years of diplomatic relations in 2015. Diplomatic relations between Canada and Ireland were established in 1939.
  • Canada is Ireland’s seventh largest trading partner outside the EU.
  • Canada is a vast country, the distance between Ireland and Canada is the same as from Halifax in Eastern Canada to Vancouver in Western Canada.
  • The capital of Canada is Ottawa, each of the ten provinces and three territories have provincial procurement websites.
  • Ireland is the fourth largest recipient in the EU of Canada foreign direct investment.
  • Among EU countries, the Irish are the seventh largest EU direct investors in Canada.
  • Canada and Ireland are party to a Double Taxation Treaty (2005) and Audiovisual Co-production Treaty updated in 2016 – Over 30 feature films and television dramas have been co-produced between Ireland and Canada in the last 10 years including  “Room” and “Brooklyn”.”

“Canada is punching above its weight in worldwide weight class. Canada played a pivotal role in drawing out a roadmap to global economic recovery.”
Late Minister of Finance, Jim Flaherty

Significant activity in Irish and Canadian industry includes:

  • Calgary’s Vermillion Energy 18.5% interest in the Corrib natural gas field;
  • Dublin-based Brown Bag Films acquisition by 9 Story Media Group in 2015;
  • Irish multinational, One51’s, 280M CAD deal with Quebec’s Cuisse de depot, the Quebec Labor federation, FDQ, for injection-molded plastic producer IPL;
  • Fairfax Financials investment of €93.5M in Bank of Ireland shares in 2011;
  • Great West Life’s acquisition of Irish Life in 2013
  • €450M acquisition of Topaz by Couche-Tard;
  • Acquisition of Whitegate refinery by Irving Oil;
  • €41M acquisition of Canadian firm, All Seasons Mushrooms, by Fyffes;
  • €5.5M investment by Canadian firm, Mark Anthony Brands, in Glendalough Distillery;
  • The partnership between the Broadcasting Authority of Ireland with the Canadian Media Fund to establish a €150K development fund;
  • The establishment of Canadian firm, Shopify, in Galway, creating 50 jobs;
  • The acquisition by Canadian Firm Greystone of 51% stake in the Ballycadden Wind Farm;