There will be more indications this week of the strength of the economy in the Canada’s largest export market as the U.S government releases two important reports: one on unemployment levels in the United States and the other on U.S. retail sales. This information comes shortly after Canada reported that exports to the United States increased 2.9 per cent in December 2015, to $33.9 billion, while exports to the rest of the world were up 7.0 per cent during the same period, to $11.4 billion. Meanwhile, the United States reported that its total imports in December were up US$600 million from November’s figures, to US$224.9 billion.
Export Development Canada has revealed that a growing number of small- and medium-sized businesses used EDC’s Export Guarantee program last year to help them expand their international sales or break into new markets. As part of its efforts to assist Canadian companies grow their exports, EDC is sponsoring another in a series of webinars offered by Canadian Manufacturers & Exporters (CME) as part of the CME’s Export Success Program, with the latest webinar on Wednesday aimed at helping exporters understand the cross-cultural secrets of selling in an increasingly complex and highly challenging international sales environment.
In San Francisco, EDC is one of the supporters of the Dose of the Valley program for the life sciences sector, organized by two Canadian diplomatic missions in California. This two-day event, also supported by BDC Venture Capital and The C100, highlights Canada’s most innovative biotech, healthcare IT, and medical device companies to a US-based audience composed of investors, technology scouts, and key industry players, and includes roundtable discussions, industry-led workshops, one-on-one mentorship, an investor/partnering pitch session, and a networking reception. Meanwhile, FINOVATE Europe takes place in London, England this week, where Canadian companies can showcase their cutting-edge banking and financial technology to fintech start-ups, entrepreneurs, banks and venture capitalists.
Two weekly EDC reports – Global Financial Markets, with key financial and macroeconomic information for both developed and emerging markets, and Commodity Tracker, a table of commodity prices and economic indicators related to activity in the commodity markets that are most relevant to Canadian exporters – are published on Monday. And exporters looking for information on the benefits and rewards of selling internationally can continue to access EDC’s free webinar series, How to grow your business through exporting.