HSBC’s Navigator Survey asked leaders of more than 9,000 companies in 35 markets to share their perspectives on business outlook, international trade and more.

Issued by HSBC Bank Canada

Canada ranks second on list of destination markets

International businesses planning to expand rank Canada as the second most attractive market for expansion.

Eighty-four percent of Canadian businesses are anticipating growth over the next 12 months.

Navigator survey results position Canada for growth

2nd

Companies from the following countries plan to expand into Canada over the next three to five years, and rank Canada as a destination of choice in the following priority order:

USA

Mexico

India

Sweden

Brazil

China

UK

France

1.

2.

3.

1.

2.

3.

4.

Two in three Canadian businesses say protectionism is on the rise, yet seven in 10 say they’ve gained more than they have lost. Their top strategies to address protectionist markets?

Top three internal growth drivers: Top two external growth drivers:

Surprising impact of protectionism

The top three reasons businesses want to expand to Canada:

Favourable partnership opportunities

Proven customer demand

Access to new suppliers

Reducing costs (25%)

Improving productivity

(30%)

Investing in technology

(29%)

New market opportunities

(33%)

Better suppliers/ raw materials

(27%)

motivating the workforce

(28%)

Entering into joint ventures with local

companies (24%)

Changing o�erings of

goods and services (25%)

NEW

USA

China

UK

Mexico

67%

17%

13%

12%

Optimistic growth projections based on internal and external factors

84%

Meanwhile, Canadian businesses are looking outwards for opportunities.Canada’s top destination markets:

HSBC’s international reach has helped Canadian businesses thrive for over 30 years. Talk to us about how to grow your opportunities.