Is Investment in Mexico a Good Thing For Canadian Companies?

Facebook
Twitter
LinkedIn
Reddit
StumbleUpon

There are many reasons why Canadian companies are investing in Mexico, including the fact that Canada is one of the largest consumers of Mexico’s exports. Canadian businesses are finding that they can attract the attention of Mexican consumers by promoting themselves in a variety of ways.

In addition to investing in the production and distribution of goods in Mexico, there are many other key industries in the growth of Canadian companies in the country. One of these industries is mining. There are many Canadian mining concessions scattered throughout Mexico, including those in Chihuahua, Oaxaca, Tamaulipas, Veracruz, and Cancun. Canadian companies also control nearly seven percent of Mexico’s mining concessions. Other sectors, such as aerospace, auto manufacturing, construction, petroleum and gas, telecom, chemicals and petrochemicals and other related industries have seen tremendous growth in Mexico, which has definitely contributed to the strength of Canadian businesses in that region.

Another sector that has benefitted from the growth of Canadian companies in Mexico is the construction industry. Many construction companies in Canada have made Mexico their first port of call for all of their projects since Canada’s economic recovery is at a very early stage. This includes the completion of many new bridges, airports, hospitals, and other public buildings in Toronto, Calgary, Vancouver, and Edmonton as well as many other cities across the country.

One of the reasons why Canadian companies have chosen to do business in Mexico is the fact that Mexico offers much lower labor costs. The cost of living in Mexico is very low, and many Canadian businesses have found it easier to operate in Mexico, as compared to the U.S., as the prices for energy, transportation, telecommunications, and other necessities are low in Mexico. This has made the entire process of doing business much more affordable.

There is also a strong economy in the country, which is making the jobs that Canadian businesses offer in Mexico extremely attractive to many people in the country. As this economy recovers and is moving into the next phase, more people are able to pay for their monthly salaries, and purchase basic necessities such as food and medicine. The government of Mexico has been working to promote growth in the country, and jobs creation in that country. The fact that so many countries want to do business with each other and want to attract people back to their own countries, means that this trend will continue.

As the economic conditions are improving in Mexico, Canadian companies are finding that the amount of growth in Mexico is only going to increase. In fact, the Mexican government is even looking to bring in more foreign investment and help them grow their country into a stronger economy. Mexico has recently announced the opening of the Pacific Ocean for explorations which is sure to bring more opportunities to people on all sides of the world.

Of course, the most important thing about Canadian companies investing in Mexico is that they are able to attract new customers. The population of Mexico is growing each year, and they are finding it more difficult to compete with their larger neighbor in terms of population and wealth. With more people to compete with, and more resources available, many Canadian companies have found it more difficult to make a dent. If the population continues to grow at its current rate, Canadian businesses will be competing against many of the largest companies on the planet.

It will be interesting to see how this trend plays out as Mexico’s population continues to grow, and the country’s economy becomes stronger. There is no doubt that Canadian companies are very happy to participate in the growth of the country, as well as the growth of the economy. Canada is one of the most promising countries in the world, and it’s only going to get better in the coming years.

Facebook
Twitter
LinkedIn
Reddit
StumbleUpon

Recent Posts

General

How to Reinvent Yourself in Retirement?

So, you enjoyed a successful career and are now turning the page to start the next chapter: retirement. By now, you’ve probably realized that retirement …

Read More →
Business

Managing Common Cybersecurity Risks for In-Office, Hybrid & Remote Workers

Due to the events of the past few years, remote working saw a major surge. With this came several changes in operations, but many companies …

Read More →
General

Improving Daily Life Through Nanotechnology

What does the term nanotechnology bring to mind? Is it the image of nanobots in a Sci-Fi movie? To start, nanotechnology is the study, manipulation …

Read More →
Business

Cold Heading in Parts Manufacturing

Cold Heading dates back more than 75 years, although it has transformed over that time. One of the most important aspects of this practice in …

Read More →
Investment

How to trade forex successfully for beginners in Singapore

Singapore is a great place to trade forex for beginners. The city-state has a strong economy and is home to many financial institutions. This article …

Read More →
Finance

What Is A ‘Cash and Keep’ Settlement in California Lemon Law?

When you purchase a vehicle, you have certain expectations. You expect it to start when you turn the key, operate seamlessly, and provide you with …

Read More →