Canadian Own vs. Internationally Own

The Canadian economy is one of the most stable economies in the world. Although Canada is sometimes seen as the smaller cousin of the United States, Canada has always been proud of its own achievements. There is countless number of proudly owned Canadian companies around the world today. In the case internationally owned companies in Canada; it has always been matter of political debate. Nonetheless, the paradigm of free trade as old firm. Today, Canada’s has one of the most of diverse population in the world, and this diversity is also present in the business sectors.

Some in Canada will argue that too much foreign own companies are bad for the economy, while others will argue the opposite. The definition of “foreign owned” can also be a matter of debate at as well.

Despite the concerns of some, the Canadian economy has a large number of foreign owned companies competing with those locally owned. Many would say that the foreign companies are actually doing better than Canadian companies, at least in some sectors. The retail sector for example comes to mind first because of the number large American retailers in Canada. Large establish retailers like, Home Depot, Lowes and Wal-Mart are all top performers in the Canadian retail market. Many new foreign retailers are also looking to get into the Canadian market. Stores like Ann Taylor, Nordstrom and Target are set to establish business in Canada, following the footstep of J. Crew and Marshall that came to Canada in 2011. The impact of these companies coming to the market is seeing in the closing down of many companies that was considered Canadian. Most recent was Zellers, which is being converted to outlets for Targets.

Canadian market is getting more appealing to outside companies and more foreign business will be looking get into Canada. A number of things is contributing to the appeal of the Canadian market are; the increase in value of the Canadian dollar, Canadians now have more disposable income, There is less competition in Canada and the retail market in Canada is growing fast. The US retailers, also doesn’t have to do much advertising cause they are already well known in Canada. No matter which side of the flip coin you’re on, the main concern is the state of the Canadian economy. If the foreign companies are benefiting the economy then by all means they should be welcome to Canada.