Such an increase would translate into thousands of new U.S. jobs. With a population of about one tenth that of the United States, the Canadian economy mirrors the U.S. economy in approximately the same ratio and has developed in many ways along similar lines. This has made Canada an ideal export and investment destination for many U.S. companies which have found an environment and marketplace very similar to that of the domestic United States. Canada offers an ideal first stop for U.S. businesses seeking to begin export marketing, with business practices, attitudes, conditions and environments here more similar to those found in the United States than in any other country in the world. Notwithstanding many similarities with the U.S. business climate, however, some cultural and linguistic differences, which vary across each of Canada's five distinctive regional markets, do allow first-time U.S. exporters to develop an appreciation of the complexities of overseas marketing.
Experience gained here can provide a solid basis for success in markets worldwide.
Best Prospects for U.S. Firms Business opportunities in Canada fall within virtually the full spectrum of industry and agricultural sectors, and in virtually every business activity. There will also be strong demand for value-added food products from the United States. Geographic proximity, cultural and historical ties, and strong awareness of business and other developments in the United States are key factors in the accelerated sale of U.S. goods and services in the Canadian market. Third-country competition tends to be far less prevalent in Canada than in most other international markets. Third-country competition is most often found in product areas where labor constitutes a significant part of the cost of production, and where domestic U.S. industries are less competitive.