Canada’s economic and cultural landscape is undergoing a remarkable transformation, as two major developments—an ambitious bilateral investment partnership with Indonesia and a reinvigorated tourism sector—signal a new era of opportunity and global engagement for the country. With a focus on sustainable growth, technological innovation, and cultural diversity, Canada is positioning itself as both a dynamic investment partner and a world-class travel destination.
On Thursday, September 25, 2025, in Ottawa, a pivotal agreement was inked between the Indonesia Investment Authority (INA) and Export Development Canada (EDC), Canada’s export credit agency. According to TEMPO.CO, the Market Leader Partnership Memorandum of Understanding (MOU) establishes a framework for collaboration aimed squarely at strengthening bilateral investment relations and promoting sustainable economic development. At the heart of the deal is EDC’s commitment of US$600 million—about Rp10 trillion at current exchange rates—in financial support to Indonesia’s priority sectors.
Ridha Wirakusumah, Chair of INA’s Board of Directors, described the partnership as a “mutual commitment to building a mutually beneficial platform for Canada and Indonesia.” He emphasized, “By providing access to Canadian capital and capabilities to support Indonesia’s growth, as well as opening up new opportunities for Canadian businesses in one of the fastest-growing economies in Asia.” This collaboration, Ridha noted, will help channel investments into sectors critical for Indonesia’s long-term competitiveness and growth.
The MOU identifies infrastructure, cleantech, renewable energy, and agrifood as priority sectors. These areas are not only crucial for Indonesia’s future but also align with Canada’s strengths in sustainable development and technological innovation. The agreement leverages EDC’s global financing capabilities and deep local insights, combined with INA’s investment mandate, to enhance bilateral socio-economic cooperation. For Canadian and Indonesian businesses alike, the partnership opens new doors for trade, investment, and job creation.
Maninder Sidhu, Canada’s Minister of International Trade, highlighted the scale of opportunity by noting that Indonesia was Canada’s largest export market in Southeast Asia in 2024. “Indonesia provides significant opportunities for Canadian exporters and investors, which is why EDC opened its representation in Jakarta in September 2023. Canada and Indonesia have a dynamic partnership forged through trade, investment, and people-to-people connections,” Sidhu said, as reported by TEMPO.CO. He stressed that the partnership would provide a strong foothold for Canadian businesses in key sectors like agriculture, clean technology, and infrastructure, while supporting the creation of quality jobs at home and abroad.
Todd Winterhalt, Senior Vice President of International Markets at EDC, echoed this optimism, stating, “This collaboration aims to significantly enhance trade between the two countries, especially in sectors where Canadian companies excel, such as renewable energy, clean technology, and infrastructure.” The MOU outlines an EDC financing support allocation of up to US$600 million for INA’s investments, targeting a range of projects within these priority sectors. EDC will draw on its portfolio, expertise, and established relationships with Canadian exporters and investors to promote business opportunities in Indonesia.
While Canada’s international investment ambitions are grabbing headlines, the country’s tourism sector is also experiencing a renaissance—one that is both an economic engine and a reflection of national identity. On Sunday, September 28, 2025, The Honourable Rechie Valdez, Minister of Women and Gender Equality and Secretary of State for Small Business and Tourism, marked World Tourism Day with a message underscoring tourism’s invaluable contribution to Canada’s economy and cultural fabric.
Tourism in Canada is a powerhouse sector, supporting jobs in over 5,000 communities and employing nearly 2.3 million Canadians, according to government figures. The sector’s backbone is formed by more than 278,000 businesses—an astonishing 99.9% of which are small and medium-sized enterprises (SMEs). These businesses, found in both bustling cities and remote rural areas, offer accommodations, dining, guided tours, and cultural experiences that bring Canada’s story to life.
“Tourism allows the country to share its story with the world,” Minister Valdez noted. From the breathtaking landscapes of the Rocky Mountains to the vibrant cultural mosaic of its cities and towns, Canada invites travelers to discover its unique blend of natural beauty and human creativity. National parks like Banff, Jasper, and Niagara Falls remain top draws, while urban centers such as Montreal, Ottawa, and Vancouver offer rich culinary and artistic experiences.
Indigenous tourism has become a cornerstone of Canada’s offerings, with Indigenous entrepreneurs and cultural leaders creating immersive travel experiences that showcase the traditions, art, and history of Indigenous communities. Visitors are encouraged to learn about Canada’s first peoples through storytelling, traditional crafts, and guided tours that explore the deep connections between land and culture. These experiences not only enrich travelers but also support Indigenous businesses and communities, making them an essential part of any Canadian itinerary.
This summer, domestic tourism received a boost from the Canada Strong Pass initiative, which made travel more affordable for youth and families. The program led to a notable increase in visits to national, provincial, and territorial museums, parks, and historic sites, as well as a surge in rail travel. By encouraging Canadians to explore their own country, the initiative stimulated local economies and supported thousands of tourism and hospitality businesses.
Looking ahead, Canada is preparing for a global spotlight moment: the FIFA World Cup 2026. Co-hosted with Mexico and the United States, the event will see 13 matches held in Toronto and Vancouver from June 11 to July 19, 2026. The tournament is expected to attract around one million visitors. As sports fans flock to stadiums, they’ll also be encouraged to explore Canada’s natural wonders, cultural landmarks, and culinary delights—further boosting the tourism sector and enhancing Canada’s international profile.
Canada’s appeal as a destination is not limited to any one season. Winter brings opportunities for skiing, snowboarding, and ice skating in places like Whistler and Mont-Tremblant, while autumn is celebrated with vibrant festivals in Nova Scotia and Ontario. Each season brings its own charm and activities, ensuring that there’s always something to discover for every type of traveler.
Minister Valdez summed up the sector’s significance: “Canada’s tourism sector is integral to both the economy and the cultural identity of the country.” With its stunning natural beauty, thriving cities, and welcoming communities, Canada offers endless opportunities for exploration and adventure. Initiatives like the Canada Strong Pass and the upcoming FIFA World Cup 2026 underscore the country’s commitment to making travel accessible and showcasing its global appeal.
As Canada deepens its economic ties with Indonesia and welcomes the world through tourism, it is clear that the nation is embracing a future defined by innovation, inclusivity, and opportunity. Whether through billion-dollar investment deals or unforgettable travel experiences, Canada is inviting the world to join in its journey of growth and discovery.