Why do business in Canada one might ask?
You may or may not know that Canada is the second largest land mass country in the world with Russia being the first. However, the population in Canada is just over 30 million about the same as the state of California. Approximately, 90 percent of the Canadian population is concentrated within 100 miles of the US border. This is because the Canadian Shield – 3.2 million square miles of Rock Topography makes it difficult to develop land and transportation routes.
Canada resembles the United States in its market-oriented economic system, pattern of production and affluent living standards. Canada’s economy is ranked #1 amongst G-7 nations experiencing impressive growth in the mining, manufacturing and service sectors.
The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) touched off a dramatic increase in trade and economic integration between Canada and the United States. The end result being 85% of Canada’s exports arrive into this country on a regular basis.
Most Canadian companies aspire to sell their products into the United States because this country creates ten times the exposure and ten times the sales volume compared to Canada. The Canadian business owner will go as far as hiring an American Marketing Agency that is based in the United States to promote their products. Most American companies, customers and consumers buy Canadian due to the currency exchange rate which obviously creates invoices.
Most Canadian factoring companies are not comfortable in buying American receivables (invoices) because they are not well versed in American usury laws and cannot successfully perfect their security. Millennium Funding is located close the Canadian border in Williamsville, NY with Canadian representation and offices in Toronto, Ontario Canada. Concentrate your marketing efforts in three provinces (which we call states) Ontario, British Columbia and Alberta.
You should Target market Exporters, Oil & Gas Companies and Service Providers, Apparel and Manufacturers. For more information on how you can take advantage of this opportunity contact Mike Ponomarew.
Michael Ponomarew brings with him more than 24 years of experience in entrepreneurship, marketing, and business management. Mike can be reached at mikep@millenniumfunding.com or by calling 888.652.8298 ext. 45.
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