The Canadian and U.S economies are intricately linked through trade. In recent years, both countries were trading an average of $1.4 million in bilateral goods and services every minute of every day.
Canada and the U.S. remain focused on supporting the economic growth of both countries. Canada is America’s largest customer. Following the ratification of the Canada-United States-Mexico Agreement (CUSMA) could result in an uptick in cross-border investment. Now that the agreement is finalized, cross-border investment opportunities will increase as companies move toward near-shoring supply chains. The upside is accelerated as more companies want to move closer to their home markets to improve supply chain risk management. Currently, Canadian companies operating in the U.S. employ approximately 825,000 Americans.
As a result, EDC sees continued growth and export investment opportunities that match Canadian potential to further deepen this already strong trading relationship.
Export Development Canada (EDC) serves Canadian companies in the United States through our local representations in Atlanta and Chicago.