Exporting is one of the most important growth strategies used by businesses across Canada. Nearly 73,000 Canadian small and medium-sized businesses (SMEs) leverage new markets and opportunities outside of the country by exporting goods or services. This, however, only accounted for 11.8% of SMEs in Canada signaling that there is reluctance among Canadian businesses to…
Disclaimer: The views and opinions expressed in the following article are those of the guest author and do not necessarily represent or reflect Mentor Works Ltd. If you don’t know the rules of the game, how can you expect to compete fairly and win? Let’s not kid ourselves, exporting is a very competitive game, played…
20 wineries from across Ontario were announced as recipients of government funding during Ontario Wine Week 2016. These 20 growing businesses will receive a total of $856,000 to continue their growth and contribution to the local economy. This investment provided through Growing Forward 2 (GF2) Ontario renews the province’s commitment to aiding the expansion and…
Canadian exporters received good news earlier this month when Statistics Canada announced that national exports rose by 1.5% in April. This momentum was largely attributed to rising prices (1.1%) and an increase in export volumes (0.5%). What’s better still is that the Canadian dollar continues to rebound and is, at the time of this article’s…
As a technology startup or small business, it can often be difficult to consider your growth potential outside of your current Canadian market. Tech companies have reason to look outside of Canada though. In the artificial intelligence field alone, global investments have risen by over seven times from their 2010 levels. This market is now…
Canadian businesses should evaluate the benefit of entering international markets to grow, as export expansion has been a key pillar to many businesses growth. Beginning to export, however, poses a number of challenges for small businesses within Canada. Often times, business leaders are successful within their industry however lack the expertise or connections needed to…
Many Canadian businesses assume that the domestic market provides them with enough opportunities to grow and succeed. On the contrary, due to an increasingly globalized marketplace, businesses must expand their market and attract new customers outside of their country’s borders in order to reach their full growth potential. Business owners can take the necessary steps…
With the relative weakness of the Canadian dollar against the U.S. dollar, many Canadian small businesses have ramped up exporting activities south of the border. The lower costs of buying from a Canadian company has made it very attractive for American businesses to purchase from Canadians. This trend is even impacting consumer markets with many…
Accessing and capitalizing on export expansion opportunities will be a critical strategy for businesses this year. A weakened Canadian dollar has increased the number of trade and export opportunities available for Canadian entities, and Canadian businesses must be willing to pursue these new markets to capitalize. Many small and mid-sized Canadian businesses that are new…
Following a profitable year in 2015, can Canada’s manufacturing industry continue to exceed expectations and repair economic damage caused by diminishing oil values? 2016 is shaping up to be a cautiously optimistic year for Canadian manufacturing. Led by a surging automotive industry, Canada has reasons for being hopeful that the manufacturing sector will help our…