Five reasons to expand into Canada

  1. Large and Growing Economy. Canada has the 10th largest GDP in the world. Annual growth rates should gradually rise over the remaining years of this decade, reaching 2% in the medium term
  2. The New “Health Mania”. The demand for health and wellness-related products is increasing. 31% of consumers are willing to pay a premium for these products
  3. “Green Factor” Advantage. Social and environmental consciousness among consumers has reached a tipping point. 60% consider themselves ethical consumers and 30% are willing to pay a 15% premium on ethically made products
  4. Foreign-Trade Friendly Market. Canada has signed a number of Free Trade Agreements with countries in Europe, Latin America, Asia-Pacific and Middle East. Some examples are NAFTA, CUSFTA, CETA and TPP
  5. Baby Boomers. More and more citizens enter their retirement years every day and they have the most disposable incomes of any other generation

Source: Euromonitor, BDC and Statistics Canada