Canadian mid-market companies look to exports for financial boost: report

You often hear that we’re a nation of small-business owners, but what about MMEs? In Canada, mid-market enterprises employ almost one in five people and contribute $350 billion to the national economy. That’s one of the findings of a new report on MMEs by global bank HSBC Holdings plc and research firm Oxford Economics. Although HSBC calls Canadian MMEs resilient and flexible, it argues that they need to diversify into foreign markets to improve productivity. Just 15 per cent of them want to expand abroad, versus a global average of 18 per cent. However, Canadian MMEs are more likely than their global peers to believe that breaking into new markets will be a key factor in their financial performance over the next three years.

The study is based on phone surveys of 1,400 senior executives in 14 countries.