The investment from Canadian companies in Mexico flows constantly and some of them have been in the country for decades. Productive sectors such as the automotive and auto – parts, electronics, mining, transport and aerospacial, along with the financial sector, are the most outstanding participations of great companies.

According to the information of the Ministry of Economy and PorMexico, the following companies are the ones which rank best:

Scotiabank Financial Group:

The subsidiary in Mexico of The Bank of Nova Scotia (Scotiabank), the prestigious group of financial services with headquarters in Toronto, is one of the greatest institutions in the area in all Mexico. An high percentage of the country’s loan portfolio and banking deposits is in the hands of international banks, and one of them is Scotiabank, an institution that is the sixth of more importance throughout Mexico due to the value of its loan portfolio, as it is informed by the National Banking and Securities Commission (CNBV, in Spanish).

The company started its participation in the country with the financial group Inverlat (GFI) back in 1996 but it was in November of 2000 when it became the major shareholder. On Janury, 15th, 2001, what once was GFI became Scotiabank – Inverlat Financial Group.

Celestica Inc., Mexico:

This company in the electronic industry is based in Toronto, Canada. It is mainly a shareholder society that works with companies that provide electronic companies in many countries. Among its subsidiaries can be found: Celestica de Monterrey, a Mexican company that makes electronic products. It also works with Omni Manufacturing Services, a Mexican company that produces plastic moulds. It operates in Monterrey since 1994 and it currently employs more than 4500 people in a wide variety of services.

Magna International Company:

The development of the automotive sector in Mexico has brought foreign investment from all over the world and Canada is no exception. This company that produces auto-parts, has at least 31 manufacturing plants and two offices of Engineering, Products and Sales in seven states of the country: Sonora, Nuevo León, Coahuila, San Luis Potosí, Guanajuato, Mexico State and Puebla, where it has more than 13000 employees. Among its most recent projects, in early 2011, it announced an investment of 100 million dollars and in 2013 it opened two more plants in Coahuila.

Gold Corp.:

Mexican mining sector is very attractive for Canadian companies. The project of Peñsquito mine, in Zacatecas, of the Canadian Gold Corp. started in 2007 and came to an end in 2011. It is considered the most important investment in the sector of the last two decades, with a budget of 150 billion dollars for the extraction of gold in one of the greatest gold sites in the world, that produces 400.000 ounces of gold per year, along with silver, lead and zinc.


It has participated in many Mexican sectors for three decades. However, its most important investment are in the aero-spacial field, where it has played a fundamental part in developing an aircraft cluster in Querétaro. The company broke in the Mexican market in 1981, when it got its first contract to build 180 train wagons for the Mexico’s subway. In 1992. Bombradier acquired the National Train Wagon Builder (Concarril) and it set bases in Ciudad Sahagún, Hidalgo, where it built wagons for Monterrey’s subway and Guadalajara’s electric train.

In 2005, the aero-spacial division of the company announced the establishment of a manufacturing centre in Querétaro, where 200 million dollar were invested. In two decades, the company has invested more than 500 million dollars.