CANADA

A tale of two Canadas: the two-speed economy

AA1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

Swipe to view more

GDP USD 1736bn (World ranking 9, World Bank 2020)
Population 38mn (World ranking 38, World Bank 2020)
Form of state Constitutional parliamentary monarchy
Head of government Justin Trudeau (PM)
Next elections 2023, legislative
  • Politically stable
  • High per capita GDP
  • Robust banking system
  • High data transparency
  • Large oil and gas reserves
  • Diverse GDP
  • Dependence on exports
  • High exposure to the U.S. economy
  • Sensitive to commodity prices
  • High personal debt
  • Government revenues dependent on oil

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
United States 73.4%
1
48.7% United States
China 4.8%
3
14.1% China
United Kingdom 3.8%
3
5.5% Mexico
Japan 2.4%
4
3.2% Germany
Mexico 1.2%
5
2.5% Japan

Trade structure by product

(% of total, annual 2020)

Exports Rank Imports
Petroleum, petroleum products and related materials 14.4%
1
13.3% Road vehicles
Road vehicles 11.5%
2
5.7% Other industrial machinery and parts
Gold, non-monetary (excluding gold ores and concentrates) 4.3%
3
5.5% Electrical machinery, apparatus and appliances, n.e.s.
Metalliferous ores and metal scrap 3.8%
4
4.5% Miscellaneous manufactured articles, n.e.s.
Non-ferrous metals 3.6%
5
4.3% Petroleum, petroleum products and related materials
Although the payment behavior of domestic companies is good, the law provides no standard payment terms and does not facilitate the debt collection process meaning late payment conditions (delays, interest rates, collection costs) are left for the parties to consider contractually.

  • Low

  • Medium

  • Sensitive

  • High

  • Payments

  • Court proceedings

  • Insolvency proceedings

  • Payments

  • Court proceedings

  • Insolvency proceedings

Canada offers an efficient judiciary system despite being complex insofar as different federal and local rules are applicable. Contractual ownership protection mechanisms, like retention of title, are recognized as a security interest and governed by the Personal Property Security Act (PPSA). However, enforcement is uncommon, difficult, and costly.

Insolvency law provides sophisticated mechanisms, but their efficiency in recovering unsecured debt is very limited, therefore pre-legal action should be considered as the best debt collection opportunity.
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East