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Winnipeg’s Manitobah Mukluks uses $3.5 M EDC loan guarantee to grow its international export program Export Development Canada (EDC) today announced a CAD $3.5 M loan guarantee for Winnipeg-based Manitobah Mukluks, an Aboriginal-owned company that produces mukluks and moccasins suitable for urban environments. The company used EDC’s Export Guarantee Program (EGP) to help secure the financing it needed to begin …

Premier’s Mission to India Will Open Doors for Ontario Businesses Trade missions help to create jobs and boost economic growth in Ontario. Premier Kathleen Wynne’s first trade mission to India will strengthen existing partnerships and further Ontario’s economic interests in the region. Purpose of the Mission India is a priority market for Ontario. The mission will support Ontario companies as …

New CanExport program helps Canadian companies fund global expansion the federal government announced a new program offering financing and incentives to enable small and medium-sized enterprises (SMEs) to explore growth opportunities in foreign markets. The CanExport program will provide $50-million over the next five years to help Canadian SMEs take advantage of global export opportunities and increase their global competitiveness. …

Oh my, you’ve put on weight!’ and other comments you might hear when doing business in China Want to do business in China? First, Canadian travellers need to learn the basics of how business is conducted there. These tips will help you get the deal done. Exchanging business cards is a delicate ritual. Take double the amount of business cards …

ADVERTISEMENT  Iran nuclear deal: International sanctions lifted International sanctions on Iran have been lifted after a watchdog confirmed it had complied with a deal designed to prevent it developing nuclear weapons. The EU foreign policy chief, Federica Mogherini, said the deal would contribute to improved regional and international peace and security. The landmark deal between Iran and world powers was …

Canada’s November trade deficit narrows as exports edge up Canada’s exports grew for the first time in four months in November, cutting the trade deficit in a sign the country’s weak currency is helping manufacturers even as the price of oil slides. Statistics Canada said on Wednesday the deficit narrowed to C$1.99 billion ($1.41 billion) from C$2.49 billion in October. …

Trudeau sets sights on free-trade deal with China Prime Minister Justin Trudeau intends to play an activist role in promoting Canadian business and investment with a major trade mission to China and India and a keynote address to the World Economic Forum in Switzerland. It’s all part of a carefully laid-out economic strategy aimed at seeking new trade arrangements in …

These 10 Numbers Will Tell Canada’s Economic Story in 2016 Canada’s economy doesn’t often fail to muster annual growth of at least 2 percent, and it’s rarer still to see it happen in consecutive years. Yet forecasters in a Bloomberg survey are calling for a 1.8 percent expansion this year, after 1.2 percent in 2015. That would mark only the …

Economist: The Canadian Dollar’s Demise ‘Couldn’t Have Happened at a Worse Time The U.S. greenback broke above $1.40 vs. the Canadian dollar late last week in the wake of softer-than-expected inflation and wholesale sales prints north of the border. And according to Scotiabank Economist Derek Holt, the timing of the loonie’s slump is abysmal as it drains debt-laden households’ purchasing power precisely when big-ticket …

Oil slowdown hits Newfoundland businesses It wasn’t until a few months ago, as the oil industry’s troubles deepened, that St. John’s retail shop owner Paul Thomey started to see a drop in business. The president and co-owner of That Pro Look, a sports apparel store at the Avalon Mall in Newfoundland and Labrador’s largest city, says customers are now reaching …