Businesses target emerging markets

Canadian companies are switching their business orientation more towards emerging markets in light of continuing weakness in the United States economy, the Toronto Star reported, based on new figures released by Export Development Canada. EDC reported its business volume in emerging markets grew by 28 per cent, or $2.4 billion to $10.8 billion in the first half of the year. The biggest target was China, followed by Brazil, India and Mexico. Most of EDC's support consists of providing insurance against payment from foreign buyers.

Published: Wednesday, 09/22/2010 12:00 am EDT

Canadian companies are switching their business orientation more towards emerging markets in light of continuing weakness in the United States economy, the Toronto Star reported, based on new figures released by Export Development Canada. EDC reported its business volume in emerging markets grew by 28 per cent, or $2.4 billion to $10.8 billion in the first half of the year. The biggest target was China, followed by Brazil, India and Mexico. Most of EDC's support consists of providing insurance against payment from foreign buyers.

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