By: Jim Pettinger, President and CEO of UCanTrade, Inc.
The fall (and summer) of 2016 promises to be a banner season for Canadian entrepreneurs and businesses to capitalize on the continuing favorable Canada/USA exchange rate. Whether you are an entrepreneur with items to sell on eBay or Amazon, or a business with products to sell to other businesses or to U.S. federal, state or local governments, or a BC retailer or tourism operator offering great deals to American visitors, NOW is the time to start planning your marketing strategy.
There are many positive signs and signals, including: Trudeau’s amazing welcome in Washington, continuing low oil and commodity prices, the awakening of Americans to the plight (and buying opportunity) of the weak loonie, the increase in the limit for “informal” customs entries into the U.S., and the recently reported expiration of exchange hedges bought by larger Canadian businesses. Don’t be left holding the bag (of loonies).
TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.
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