By: UCanTrade Staff
Export Development Canada (EDC)’s Chief Economist, Peter Hall said in a recent EDC press release that the US Economic Growth is ‘spilling over’ into the global economy and combined with US industrial capacity constraints and the ‘Low-Loonie,’ among other variables, the EDC forecasts Canadian exports will grow 8 per cent by 2016.
“With the current economic conditions, the dollar … The time is now,” affirmed Google Canada’s country director Sam Sebastian, encouraging Canadian SMBs to seize their (online) export opportunities. Google has reportedly partnered with the EDC to provide Canadians an online tool that will provide a “graphic and data-heavy picture of Canada’s key export markets.” This will aid SMBs to better target potential international markets during key times such as Black Friday and Cyber Monday during the USA’s Thanksgiving holiday.
Unfortunately, Todd Winterhalt, EDC’s vice-president of international business development says, “with only 4 per cent of Canadian businesses exporting … [and] 60 per cent of Canada’s GDP dependent on trade … it’s a conversation that needs more attention.” Hall adds, “If ever there was a time for businesses, whether small, medium or large, to start exporting to the U.S., it’s now.” (Ref. Why US Sales Are a ‘No-Brainer’)
On May 7th, 2015, UCanTrade, Inc., and its “Doing Business in the USA” partners, will present a full day cross-border seminar and professional briefing in Delta, BC, to educate Canadian business owners and professionals how to remove border barriers, take advantage of the exchange rate and earn 20% extra on US sales. Key Topics: US Sales & Distribution, US Customs Guidelines, US Business Travel / Immigration and more.
TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.
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