Economics

According to world economy statistics, Canada is rated as the tenth largest economy globally. Canadas per capita income is mainly boosted by the production sector but for the past few years Canadas good performance as compared to other countries in its peer group has declined. In the 1970s, its GDP per capita was gauged to be around 17,812, the fourth highest in the peer group, recording a B grade. The country worked on retaining this grade the following decade but it slipped into a C rating on average between 1990s and 2000s. On contrary, other countries in the peer group recorded a slip in their grades at the same time. However, this didnt mean that its per capita income was in decline. Relatively other countries like Ireland started pulling ahead of the pack shoving past Canada and narrowing the gap between the peer countries (Sherman). Countries with a lower record of income levelsneeded much more income to sustain their growth and to level with superior economies. 
Canada has a well developed agricultural sector that is rated as one of the worlds best and exports the agricultural products consisting mainly of wheat and various types of grains to diverse countries. The major importer of such agricultural products is the U.S although it exports to other European and East Asia countries. The agricultural sector was severely affected by the world recession and led to the decline of the countries GDP level (Sherman). On the other hand the Iris economy does not rely so much on the agriculture as was the case in the previous years, but now greatly depends on the industry and services sector.
Until recently, Ireland was the success among these countries. While Ireland currently ranks last on the overall economic performance list, one should not forget the fact that Ireland miraculously transformed itself from being among the poorest countries in Europe to the top best performers. After being rated as a D performer between 1970s, 1980s, and 1990s Ireland managed to climb up the ladder to a B grade country, propelling it to become one of the top three fast growing economies in the world. In the 1970s, the Gdp per capita income for Canada would double that of Irelandrelatively, by the year 2007 Irelands income per capita exceeded Canadas by US5,000 although the gap slipped to US3,700 in 2008. Lower labor economy and Irelands FDI-friendly environment certainly provided a strong foundation for growth and has since ignited the high growth experienced in Ireland lately (Sherman, 2008)
These close up meant there were certain factors contributing to the economic relationship between the two countries
Wages Ireland has the lowest labor costs than its peer group countries. Rating over 14, this means the competitiveness between Canada and Ireland is very low- a person will be more than willing to work in Canada than in Ireland so I would recommend that Canada is a good place to move business and work in. But this will mean the provision for wages accommodation and other benefits will need to be increased since the living conditions in Canada are relatively higher than in Ireland. More so the percentage level of the unemployed people is very low in Canada (8.7) as compared to Ireland meaning there is no ready and cheap labor like Ireland.
Financial system Although Ireland is boasting as on of the fastest growing economies in the world, the financial system in Canada is more promising and more stable. In Canada inflation is not commonly felt. There is a guarantee of working for two years without feeling the effect of inflation. Considering the almost wound up economic recession in Canada it is advisable to invest in Canada than in Ireland. The relationship between Canada and other trading nations is very good so a good network in terms of outside market is guaranteed.
GDP per capita, Interest rates and inflation rates. According to different sources the per capita between the two countries differ with Ireland topping both of them i.e. IMF rates Ireland 8th and Canada 13th in the world. The World Bank rates Ireland 5th and Canada 12th while CIA rates Ireland 9th and Canada 17th. Considering both cases Ireland seems to be performing well but lets consider that over 90 of Irish exports are generated by foreign investors. This means that Canada is more of self reliant than Ireland and is not congested by foreign investors. The lending and borrowing interest rates are also very competitive in Canada than Ireland. Inflation is also very low in Canada.
Canada is also one of the few countries which has ever hit a surplus of  10B having recorded a surplus of 14. This was very good news indicating that tax rates and borrowing rates are expected to lower further. Canada was among the first countries to walk out of recession. Its economy is already growing at a rate of 1.3 in the ongoing current quarter.
Conclusion it is really advisable to invest a production business in Canada considering good financial performance, its stability in economy and politics.