Canadian Firms Going South
Canadian Firms Going South
In 1989, Toronto-based Bassett & Walker International (BWI) was primarily an importer of agricultural commodities into Canada. Canadian firms are going south.
Today, about 30% of its business is exporting from Canadian sources to other markets, 30% is from the US to other markets and the balance or about 40% is South-South trading.
HSBC says, it’s a poster child for how Canadian businesses can tap into the surging growth in South-South trading, or trade between developing nations, something that needs to happen if Canada is to remain competitive in 21st Century global commerce.
To read the full story on the HSBC website, click here.
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