Importing from Canada

Canada Import Guide | Trade Finance Global

Importing from Canada

As a net exporter of oil the economy has taken a bit of a hit from the recent downturn in oil prices, however the Bank of Canada is still predicting a period of steady economic growth. Canada ranks among the top global producers of many minerals including potash, uranium, diamonds and nickel and is planning to exploit $1 trillion in natural gas over the next 30 years.

Top Canadian exports are crude petroleum ($80.5 billion), cars ($45.9 billion), refined petroleum ($18.6 billion) and petroleum gas ($12.6 billion). Top export destinations are the United States ($320 billion), China ($20 billion), Japan ($11 billion) and the UK ($9 billion).

Importing from Canada? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = CAD
=
CAD
Canadian Dollar
1.00 CAD = INF GBP
GDP growth (annual %)

Importing from Canada: What is trade finance?

Stock finance is a revolving facility which some banks and specialist lenders offer - it enables firms to purchase stock supplies and can help ease working capital problems.

Generally, a trade financier will fund all of the cost of the products, including charges (e.g. fees).

Trade finance offers upsides over more traditional bank finance such as bridging mortgages or loans. Trade finance provides up front funding without affecting existing bank relationships.

How does it work?

If you're a business importing or exporting goods around the world, then a trade finance facility would allow you to fund this through offering a letter of credit or some form of cash advance.

I’m looking to import from Canada, how can Trade Finance Global help, and how does it work?

If you are looking to import inventory from other international markets, you may require import finance, which is an agreement between yourself (the importer) and the foreign exporter. A alternative finance bank will act as the intermediary, paying the foreign exporter on your behalf until you receive the stock supplies and have then sold them to your customer. Repaying the lender then occurs over an agreed period of time.

Read the TFG Importers Guide here.

Importing from Canada? Contact our local experts

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