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…
The Federal Economic Development Agency for Northern Ontario (FedNor) provides federally sourced funds to businesses, organizations, and communities within the province’s northern regions. The agency supports the development and competitiveness of businesses to ensure the north grows and contributes toward the country’s economy. Canadian Manufacturers & Exporters (CME) also provides support to growing businesses across…
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…
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…
As Canadian small businesses begin operations for the 2016 calendar year, many will begin implementing new strategies that adapt to changing market conditions. The low value of the Canadian dollar will continue to influence Canadian export growth, with new opportunities opening globally. Ensuring that your business can adapt to these changes will provide immediate and…
CME will be hosting a 1-hour Export Success Webinar on Effectively Selling in the Global Marketplace on November 19 at 11:00am to help early stage exporters. If your organization employs sales and business development professionals which engage with international clients, this webinar may be a good opportunity to increase their sales effectiveness. Keep in mind…
International Commercial Terms, often referred to in industry as incoterms, are internationally adopted rules and regulations used in trade documents. Incoterms are often presented in the form of acronyms, which can make it hard for new exporters to grasp the meaning behind these phrases. Learning and understanding these terms is key to being aware of…
Program Update: CME SMART Advanced Technologies for Global Growth program will not be accepting applications after July 31, 2016. Please contact a Proactive Funding Planner to discuss alternate business grants for your company. The CME SMART Advanced Technologies for Global Growth business grant is funded by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) and…
When exporting, even small mistakes can end up costing your business significant time, financial resources, and opportunities abroad. Complying with all international standards for trade is essential to ensuring a sustainable export strategy, however many Canadian businesses are unaware of common mistakes which limit business growth in foreign countries. To ensure your business does not…
In a recent publication by Canadian Manufacturers and Exporters (CME) entitled “Manufacturing Matters in Ontario” the group has identified several issues that hinder growth potential and overall success of manufacturers. As the country’s largest manufacturing province, accounting for 47% of total manufacturing activity in Canada, addressing these issues is essential to having a thriving Ontario…