Sorry to bring back an old post from the dead. If Laval GDP is that high, honestly, Canada should just buy Dominica. Their GDP is about C$740B with the current exchange rate. That is well below the GDP of Yukon. It wouldn't even be 1% of Canada's GDP.
With Trudeau printing money out of thin air about $250B to help people deal with Covid, why not give Canada a nice gift.
The island is about 50% bigger to Montreal. It is between over seas territory of France.
They speak English and creole French.
The main airport is 3520 km away from Montreal and it would take about 4.5 hours to get there. The runway would have to be extended a bit so a A220 can land and take off without issue. Right now you need 2 flights to get there, but all the other islands that are neighbors, you can fly direct from Montreal.
Just think of it one flight a day from Montreal with an A220, that would be about 58,000 tourists visiting each year and that will probably keep, 10s of millions of dollars inside Canada or even more
RBC and Scotiabank are already setup there.
There is about 300,000-375,000 snow birds leaving Canada during the winter months to go to Hawaii, southern part of the US, Mexico, Caribbean and Latin America. There is no way the island could be home to that many of them, but maybe we there is a way for 30,000 of them to stay in the winter months or even all year round. That will increase the population of the island by almost 50%. It would also account for almost half the people coming from Montreal on a daily flight.
We can keep tourism dollars in Canada, people can feel safe and not deal with corruption in Mexico, Dominican Republic, Cuba and other places. Snowbirds can fly south and not have to worry about "healthcare".
Canada gains a territory that can produce exotic fruits.
What is interesting, there is about 200,000 tourists that visit Dominica each year. .
True, we would have to deal with hurricanes. Build a port for the military so they can dock. Bell, Telus and others would have to setup shop. The list goes on, but some things can stay as is.
The energy sector is pretty good, hydro and geothermal.
The daily mean temperate is about 26 degree C.