Canadian Export Values to Increase In 2015

By:  UCanTrade Staff
According to Canadian Manufacturers & Exporters (CME) Magazine, not only are Canada and the US top global investment partners, they also share the ‘largest bilateral trade relationship’ in the world.  Even with existing US Protectionist trade barriers, CME reports the US account for 74% of Canada’s exports.  Due to a recovering US economy, CME says Export Development Canada (EDC) is forecasting a 12% growth in value from Canada’s 2013 Export Value of $334.7 billion by 2015.
UCanTrade, Inc.’s CEO, Jim Pettinger, suggests a weak ‘Loonie’ is another driving factor in increased Canadian, specifically British Columbian, company exports to the US.  “Although most U.S. markets will usually support premium pricing anyway,” says Pettinger, “the weak Loonie is adding at least another 10% to the bottom line.”
Are you interested in doing business in the USA?  UCanTrade, Inc. is a reliable partner with over 30 years of cross border trade experience.  Learn more at UCanTrade.com or call 360.380.6900.
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Source: Weak ‘Loonie’ drives interest in US sales by BC Companies
Source: CME’s 20/20 Nov-Dec 2014 article, “Penetrating US trade barriers remains challenging for Canadian exporters.”

Logan West