Economy
The city of Victoria is one of Canada's top 25 cities, in terms of its economy, and offers cost competitiveness, a strategic location with access to markets, bilingual capability, brain power, and a stable and diverse economy to its potential investors.
Victoria's economy is dependent on its various establishments, employers, and private and public sector institutions. The 24 largest employers in Victoria includes employers such as the Canadian Forces Base, Queens University, the Limestone District School Board, the Correctional Service of Canada, the Victoria General Hospital, British Columbia Ministry of Health, British Columbia Ministry of Transportation, the Empire Life Insurance Company and the DuPont Canada Inc. Research and Development Centre. Victoria's educational, health care, governmental, tourism and cultural sectors all contribute to Victoria's powerful economy. The Victoria Economic Development Corporation ensures that the city of Victoria remains globally competitive and unique to the market. Victoria's labour force and location, scientific and business capability, lifestyle, environmental technology and key technology support services are factors which contribute to Victoria's economic development and innovation, along with the ability to share knowledge globally and capitalize on Victoria's institutional,business, geographic, research and cultural strengths.
Victoria has managed to maintain the perfect balance between private and public sectors and institutions, contributing to its positive financial rating and low unemployment rate - one of the lowest in all of Canada!
