Filming in Canada rebounded last year, Hollywood Reporter reports, in part because our falling Loonie made it more affordable for foreign location producers—especially U.S. ones—to film in the country. Tax credits offered in Toronto, Montreal, and Vancouver have also contributed to an increase worth millions of dollars, though production has yet to rebound to the $1.87 billion in 2011.
Total budget spending in Canada by Hollywood studios rose three per cent to $1.74 billion, compared to $1.68 billion a year earlier, Hollywood Reporter said, crediting the Canadian Media Production Association's Profile 2013 survey.
British Columbia saw the biggest spending at $1.07 billion in foreign location shooting in Canada, mostly by U.S. producers working on series such as Fringe, Psyche, and Once Upon a Time.
"Ontario was in second place with $399 million in foreign production activity in the year to March 31, 2013, the last period surveyed by the CMPA report, up from $382 million in 2012. U.S. series shot in Toronto included USA's Covert Affairs and the CW's Beauty and the Beast."
The dollar was very much at par in the early parts of 2013, but as it began to weaken it inspired "Hollywood to head north in the face of competition from rival locales like Louisiana and New Mexico," Hollywood Reporter said.
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Original Source: Hollywood Reporter
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