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Canadian Firms Urged to Boost Exports as Dollar Drops

Posted January 30, 2015

Under Economic Issues, International Trade Issues

(Rose Simone – Metroland News)

With the huge drops in the price of oil and Canadian dollar, the federal government is hoping smaller manufacturers take up some of the economic slack by exporting their goods more aggressively.

The goal is to nearly double the number of small- and medium-sized businesses that are exporting into emerging markets, Ed Fast, the federal minister of international trade, said at an export workshop in Waterloo on Thursday. That goal is part of the government’s Global Markets Action Plan, he said during the talk at the Centre for International Governance Innovation.

Fast said there are about 1.1 million small- and medium-sized enterprises in Canada. Of those, only about 41,000 are exporting anywhere in the world. Only 11,000 export outside of North America, he added. Click here to read more.