Massachusetts

Canadian Innovation in the Hub

In 2013, the Consulate General of Canada launched its Canadian Technology Accelerator in Boston program:   CTA@Boston. It connects selected Canadian entrepreneurs to the vibrant entrepreneurial ecosystem, U.S. clients, strategic partners, and investors through a four-month immersion program. Clients reside at the Cambridge Innovation Center (CIC). CTA@Boston contributes to the local economy through its residence at the CIC, and participating companies bring new ideas, energy, expertise that further enrich Massachusetts' thriving technology community. Awarded the Accelerator Program of the Year Award from the International Business Innovation Association, the CTA@Boston managed more than 70 Canadian companies who have since reported over $54 million in raised capital.

D2L Joins Boston Ed-Tech Community

Canada's D2L, an innovative educational technology company, launched its U.S. expansion with the opening of an office in Boston. D2L is the leading choice for more than 1,100 K-12, higher education, healthcare, government and business clients. From the Massachusetts General Hospital to Boston Institute of Finance and educational institutions, D2L's growth reaffirms Boston as the center of America's EdTech boom.

Canadian-Owned Companies Support Massachusetts Jobs

In 2016, 241 Canadian-owned companies operated in the Commonwealth of Massachusetts. These companies created over 26,800 jobs in Massachusetts, while state exports to Canada topped $3 billion. According to the Bureau of Labor Statistics data, the average salary in the Massachusetts is $59,010. This means that Canadian-owned businesses are directly responsible for over $1.6 billion in salary dollars.

Canadian-owned companies, including John Hancock, SunLife, TD Bank and MFS are clearly major contributors to Massachusetts' economy employing MA residents in every sector of the economy, paying taxes locally and contributing to the local economy through these salary dollars.

Massachusetts–Canada trade

  • Massachusetts exports to Canada: $3.0 billion
  • Massachusetts imports from Canada: $7.3 billion
  • Bilateral trade: $10.3 billion
  • Massachusetts services exports to Canada: $2.0 billion

Massachusetts–Canada tourism

  • Massachusetts visits by Canadians: 867,300
  • Massachusetts vacation spending by Canadians: $373 million

Massachusetts’ top goods exports to Canada

  • Optical, medical & precision instruments: $428 million
  • Plastics & plastic articles: $237 million
  • Computers: $233 million
  • Aircraft: $231 million
  • Paper & paperboard: $121 million

Massachusetts’ top goods imports from Canada

  • Fish & crustaceans: $1.2 billion
  • Precious metals: $843 million
  • Fuel oil: $380 million
  • Natural gas & other gases: $352 million
  • Meat, fish & seafood preparations: $321 million

Massachusetts exports to Canada by industry

  • Equipment & machinery (39%)
  • Minerals & metals (16%)
  • Agriculture (9%)
  • Transportation (9%)
  • Plastics & rubbers (8%)
  • Chemicals (6%)
  • Other (12%)

Massachusetts imports from Canada by industry

  • Minerals & metals (29%)
  • Agriculture (28%)
  • Energy (11%)
  • Forest products (10%)
  • Equipment & machinery (7%)
  • Plastics & rubbers (3%)
  • Other (12%)

Massachusetts Jobs

  • 211,000 Massachusetts jobs depend on trade and investment with Canada

Massachusetts top services exports to Canada

  • Royalties: $409 million
  • Business, professional & technical services: $400 million
  • Financial services: $374 million
  • Insurance: $76 million
  • Telecommunications: $3 million

Highlights

  • 211,000 jobs in Massachusetts depend on Canada–U.S. trade and investment
  • Canada is Massachusetts’ #1 customer
  • Total Canada–Massachusetts goods trade: $10.3 billion

Connect to our team

For more information on Massachusetts’ trade with Canada, please contact our trade team in Boston.

February 2017
Unless otherwise mentioned, all figures are based on 2016 data in U.S. dollars. Statistics Canada: 2014 tourism, based on combined same-day and overnight travel (8/2016 release, US$1.00=C$1.1045). U.S. Census Bureau: goods trade, Canada’s export ranking (2/2017 release). U.S. Bureau of Economic Analysis: goods and services trade (3/2016 release). Trade Partnership: 2015 services trade (1/2017 release). Job numbers are from a study commissioned by the Government of Canada (11/2014 release, 2013 data). Figures may not add up due to rounding. Produced by the Embassy of Canada in Washington, D.C.