Brexit will attract investors to Ireland, says Canadian business leader


Brexit will present a “tremendous opportunity for Ireland” to attract investors concerned about the “short-term pain” facing the UK, the head of Canada’s most powerful business lobby group has said.

Goldy Hyder, president of the Business Council of Canada, which represents the chief executives of 150 large Canadian companies, said Ireland becoming the only English-speaking country in Europe under the EU-Canadian free trade agreement after Brexit made the State “an attractive destination for capital and talent”.

As the UK endures the “pain” of leaving the EU, Ireland could draw more investment from businesses in Canada that are looking for certainty in the political and business world, said Mr Hyder on a visit to Dublin.

“Businesses take a view of who offers me, as a business, the predictable, stable regulatory environment and also an environment that is attractive from the tax and talent side, and the Irish story is a very strong one,” said Mr Hyder, who represents companies accounting for half the value of Toronto’s stock exchange.

Ireland’s “resilience and rebound culture” in the decade since the financial crash and its embrace of an entrepreneurial culture, trade and multiculturalism “bode well for Ireland to be a magnet for both capital and talent” at a time when many other parts of the world were “going in other directions”, he said.



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