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News - Page 2 of 4 - Alberta Export Awards

06 Jul

By HSBC Bank Canada

Chinese currency presents growth opportunity, but Canadian companies hesitate

July 6, 2015 | By HSBC Bank Canada |

With expected weakening of the RMB against the CAD dollar in 2015, contracts settled in RMB will be more attractive to Chinese buyers than those denominated in either Canadian or U.S. currency.

The Chinese renminbi (RMB) has been accessible outside China for only a few years, but it has already become the fifth-most-popular trading currency in the world. With the hope for the RMB to become a global reserve currency alongside the U.S. dollar over time, the Chinese government has been carefully managing the global rollout or “liberalization” of the RMB. Late last year, China signaled its support for more trade with Canada by signing a currency swap agreement and authorizing the first RMB trading hub in North America. The clearing centre officially opened in March 2015.

The trading hub enables the direct exchange of the Canadian dollar with the RMB in real time, allowing the trade to be completed in Canadian time zones and eliminating the step of converting to another currency first. Through a related agreement, China has also issued a quota for institutional investors to trade in RMB-denominated stocks and bonds issued onshore in China and through the Hong Kong Stock Connect.

Globally, the most common use of the RMB is for import/export activities. The Canadian government, trade organizations, and banking industry worked hard to have the RMB trading hub located in Canada in an effort to fuel more trade and investment flows between Canada and China at a time when Canada’s economic growth has stalled and domestic expansion and investment possibilities are limited.

China is already Canada’s second-largest trading partner after the United States, as well as its fastest-growing, but the balance of trade has shifted decidedly in China’s favor since 2001. In 2013, China’s imports from Canada totaled US$25.2 billion, while Canada’s imports from China were more than double that amount at US$51.2 billion.1

Chick here to read the full article on HSBC Global Connections and see the “RMB Be Ready” section on HSBC’s web site to learn more.

Source: HSBC RMB Internationalisation Study 2015

Remarks: 1 Industry Canada’s Trade Data Online database

Nomination Deadline Extended

May 19, 2015 | By | No Comments

Nominations for the Alberta Export Awards are now being accepted until September 11, 2015. 

Nominate an Alberta company that achieves export excellence through innovation, integrity and leadership in their industry. Award categories include:

INDIVIDUAL AWARDS:

Exporter of the Year
Emerging Exporter
Leadership
International Business Studies

SECTOR AWARDS:

Manufacturing
Oil and Gas Service/Supply
Clean Technology
Consumer Products
Agriculture, Food/Beverage
Professional Services
Advanced Technology and Innovation

The 2015 winners will be announced and celebrated at our awards luncheon taking place at the Hyatt Regency in Calgary, AB on December 3, 2015.

2015 Awards Date Announced!

May 14, 2015 | By | No Comments

The Alberta Export Awards will take place on December 3rd, 2015 at the Hyatt Regency hotel in Calgary, AB.

Registration opening soon – check back for details!

How Canada’s Bombardier makes NAFTA work

May 12, 2015 | By HSBC Bank Canada | No Comments

When a Montreal startup began making snowmobiles in 1942, nobody could have guessed the company would become one of the world’s leading transportation manufacturers.

Today, Bombardier Inc. is the world’s only manufacturer of both railcars and airplanes, with annual revenue of $9.4 billion Canadian dollars. The company employs more than 76,000 employees at 79 production and engineering sites.

Much of the company’s growth occurred in the past two decades. The expansion coincides with the 1994 passage of the North American Free Trade Agreement (NAFTA), which eliminated most tariffs on trade between Canada, Mexico and the United States, and established infrastructure for telecommunications and transportation among the three countries. NAFTA also allows certain types of employees to move freely across borders, and created a more unified business climate across the countries.

The groundwork NAFTA laid made it easier for Bombardier to link development, manufacturing and sales operations across three countries. Before the trade agreement, Bombardier did some manufacturing and sales in the United States. But NAFTA provided a structure of cooperation that supported the company’s growth in neighboring countries, says Pierre Pyun, the company’s vice president of government affairs.

“We are very active in both the United States and Mexico, and we see our presence and facilities in those countries as part of a highly integrated North American platform that allows us to do business not only in the region but also globally,” Pyun says.

Read the full article on HSBC Global Connections—Canada web site.

2015 Nominations Now Open!

May 5, 2015 | By | No Comments

Searching for Alberta’s 2015 Export Champions

Now is your chance to nominate an Alberta company that achieves export excellence through innovation, integrity and leadership in their industry. Award categories include:

INDIVIDUAL AWARDS:

Exporter of the Year
Emerging Exporter
Leadership
International Business Studies

SECTOR AWARDS:

Manufacturing
Oil and Gas Service/Supply
Clean Technology
Consumer Products
Agriculture, Food/Beverage
Professional Services
Advanced Technology and Innovation

The 2015 winners will be announced and celebrated at our awards luncheon taking place at the Hyatt Regency in Calgary, AB on December 3, 2015.

Nominations close May 30, 2015.

04 May

By

HSBC Fueling Growth Worldwide: 2015 webinar series

May 4, 2015 | By |

Q2: Looking East—Trade with China Date & Time: Wednesday, May 20 11AM ET | 8AM PT As Canadian companies look abroad for growth, more and more of them are finding it in China. In fact, 62% of Canadian companies surveyed expect to increase trade with China in the coming year*. That’s why the upcoming HSBC quarterly webinar explores how our trade and economic relationship with the world’s number one trading nation, China, is changing – and how Canadian companies can find growth opportunities and profit from them. Join us online for 30 minutes of insights, followed by an interactive Q&A, from virtually anywhere – on your PC, tablet or smartphone. Click here for details.

*Source: HSBC RMB Internationalisation Survey 2015 Results.

07 Apr

By

Revive Trade, Fuel Growth

April 7, 2015 | By |

Global and local economic and trade experts offer insights on how international trade can serve as a catalyst for business growth in Canada

The Canadian economy, like that of its counterparts around the world, is more globally integrated than ever before. As the economy has become more global, international trade has become even more crucial to growth.

As the Canadian economy struggles to recover from the Great Recession, an increased focus on international trade can help fuel growth. In the first quarterly webinar in HSBC’s “Fueling Growth Worldwide” series, experts in global trade and Canadian economics discussed how trade can help boost the domestic economy and how Canadian businesses can facilitate that growth by capitalizing on current international trade opportunities.

“Canadian companies have a chance now to step up and help fuel the growth our economy needs,” said David Watt, Canadian Chief Economist at HSBC Bank Canada. “A few years from now, we don’t want to look back and say we wish we’d taken advantage of the trade opportunities open today.”

Read the full article and access the webinar by clicking here

07 Apr

By

Revive Trade, Fuel Growth

April 7, 2015 | By |

Global and local economic and trade experts offer insights on how international trade can serve as a catalyst for business growth in Canada

The Canadian economy, like that of its counterparts around the world, is more globally integrated than ever before. As the economy has become more global, international trade has become even more crucial to growth.

As the Canadian economy struggles to recover from the Great Recession, an increased focus on international trade can help fuel growth. In the by clicking here

06 Mar

By

Ontario Export Awards – Business Studies Student Applications Now Open!

March 6, 2015 | By |

CALLING ALL STUDENTS OF INTERNATIONAL BUSINESS

Apply now for your chance to Win a 2015 Ontario Export Award!

The Ontario Export Awards are returning November 24 in Toronto to recognize the companies, organizations and people contributing to the province’s exporting success.

As the next generation of Ontario’s trade and business professionals, students are an important part of the Ontario Export Awards program.

Apply now for the prestigious Business Studies Student Award to be recognized for your post-secondary achievements, and connect with global companies looking to hire the discipline’s brightest graduates.

The awards are Free to enter and the winner will receive a $500 scholarship, certificate and trophy, along with editorial coverage across Canada.

For more information on application criteria and to apply now click here.

For more information on the Ontario Export Awards, visit www.ontarioexportawards.com

 

HSBC Fueling Growth Worldwide, 2015 Webinar Series

February 18, 2015 | By | No Comments

HSBC Fueling Growth Worldwide, 2015 Webinar Series
Q1: Revive Trade, Fuel Growth

Where will Canadian companies find growth in 2015? Hint, it won’t just be in Canada. Don’t miss HSBC’s quarterly online webinar series Fueling Growth Worldwide. Learn how Canadian companies can seize growth opportunities around the world in 2015. Best of all, HSBC will combine their global perspective and local expertise, alongside guest speaker Peter Hall, from Export Development Canada.

This fast-paced session, with 30 minutes of actionable insights, followed by interactive Q&A can be accessed from virtually anywhere – on your PC, tablet or smartphone.

Register now for the HSBC quarterly online webinar series – click here for details.

Issued by HSBC Bank Canada