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Exploring the Canadian Market. Russ Sawchuk, Director North Carolina Canada Office. Topics. Canada: An Overview Why Canada Trade Facts Canada and North Carolina Key Areas Considerations Additional Resources. Canada – An Overview.

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exploring the canadian market

Exploring the Canadian Market

Russ Sawchuk, Director

North Carolina Canada Office

slide2

Topics

  • Canada: An Overview
  • Why Canada
  • Trade Facts
  • Canada and North Carolina
  • Key Areas
  • Considerations
  • Additional Resources
slide3

Canada – An Overview

  • Population 33.4 million with 10 provinces and 3 territories
  • GDP ($1.576 Trillion, 9th in the world)
    • ~$39,600 GDP/capita
  • Second largest country, 7th largest economy
why canada
Why Canada?
  • Affluent, industrial economy
  • Similar business practices and attitudes
  • Geographic proximity reduces transit times & costs
    • 90% of Canadians live within 100 miles of the border
  • Common language, corresponding time zones
  • Open border
  • Sound financial & distribution systems

Canadian Sales should be at least 10% of your US Sales

the canadian economy
The Canadian Economy

Canada’s Economy is growing again

  • Stimulative monetary and fiscal policies
  • Improved financial conditions
  • Firmer commodity prices
  • Rebounding business and consumer confidence
  • Growth in domestic demand

Canadian GDP Growth

  • 3% for 2010
  • 2.9% for 2011 [forecast]
  • Canadian $ at par with US $
canada u s investment
Canada-U.S. Investment:
  • One of the world’s largest investment relationships
  • US FDI in Canada: $288 Billion 2009

52% of foreign investments in Canada

  • Canada FDI in US: $251 Billion 2009

44% of Canadian foreign investment

canada u s trade statistics
Canada-U.S. Trade:Statistics
  • Canada-US trade - largest in world
  • Over $1.4 billion in goods and services daily in 2010
  • US exports to Canada up 65% since 1995, under NAFTA
  • 55% of all Canadian imports come from the U.S.
  • 75% of all Canadian exports go to the U.S.
canada and north carolina
Canada and North Carolina

Merchandise Trade

Canada is NC’s largest export market

Over $20 million/day traded between N.C. and Canada [2010]

canada and north carolina1
Canada and North Carolina

Top NC Exports to Canada (2010)

Fact: 21% of NC exports are sold to Canada

canada and north carolina2
Canada and North Carolina

Top NC Imports from Canada (2010)

travel tourism
Travel & Tourism

Canada and North Carolina

ontario
Ontario
  • 13 million people and 43% of Canada’s GDP [2010]
  • Canada’s largest market, and most similar to the US
    • Low-risk entry point into Canada
  • 35% of all Canadian R&D
  • Toronto: largest city in Canada, home to half the country’s largest financial institutions, 90% of its international banks, and over 75% of U.S. subsidiaries in Canada
2011 best prospect list
2011 Best Prospect List

Security

Aerospace and Defence

Energy & Environment

Construction & Engineering

ICT

resources for nc exporters to canada
Resources for NC Exporters to Canada
  • NC Dept of Commerce, Intl Division, Raleigh www.nccommerce.com
  • NC District Export Council www.ncdec.us
  • NC World Trade Center www.wtcnc.org
  • US Export Assistance Centers www.buyusa.gov/northcarolina/location.html
  • US Commercial Service in Canada http://www.buyusa.gov/canada/en/bsp.html
  • Independent Consultants with Canada Experience
  • Logistics, Shipping, Freight Forwarding Co’s
  • Attorneys & Law Firms with Canadian Presence
useful canadian websites
Useful Canadian Websites

www.strategis.ic.gc.ca

www.investontario.com

slide18

North Carolina

Department of Commerce - Canadian Office

Contact Information

Russ Sawchuk, Director

13A Princess Street

Mississauga Ontario

L5M 1Z8 Canada

Phone: (905) 826-6000

Fax: (905) 826-6009

Email: ncco@on.aibn.com

www.thrivenc.com