Foreign Business In Canada Essay

Foreign Business are extremely beneficial to the Canadian economy. Granted, they open up foreign markets and provide vast investment opportunities, the biggest benefit however, is the goods and services in which they make accessible. I deemed this factor as the most beneficial due to the fact that the Canadian market is arguably not as cheap or as expansive as some of the other prominent global markets which makes foreign goods quite valuable to our country. This is quite commonly seen, take China for example, they make up about 4.10% of our global exports and 7.10% of our imports. With that in mind, Canadian businesses have the opportunity to capitalize on the cheaper manufactured goods from China by selling their goods at a higher price in relation to their actual cost. On a small scale example, if a Canadian business were to buy 100 plates from China, costing a dollar a plate, and were to sell those plates for one dollar and fifty cents, that
Businesses such as Apple, Sony and Mcdonalds are massively successful in Canada and are in high demand amongst Canadian consumers. In the case of Apple, according to the Business Inquirer magazine, 39% of all Canadians own an apple product which is quite astounding. Not only does businesses such as Apple help the Canadian economy through the profits in which they generate, they also provide consumers with products and technology that are not generally made here in Canada such as Big Macs and Iphones. This can translate to innovation in workplaces, access to higher quality goods, can impact the supply and demand components of business, and can influence consumers to spend more money which ultimately boosts the Canadian economy and demonstrates why the variety of products foreign business provide is the most beneficial to the Canadian