The loonie’s value has hit a decade low and while this is generally bad news for the Canadian economy, it can create business opportunities abroad. Canadian companies can now generate a profit on products and services sold at a discount on the US and international markets. Exporting has its unique challenges but it could be worth your time to see if your business could benefit from new markets abroad.
Sending goods or services across national frontiers for the purpose of selling and realizing foreign exchange
Buying and selling on international markets allows small business to grow beyond regional or domestic limitations. The SBA Import/Export guide can help get your research and planning started if you're thinking about doing business in foreign markets.