National

Federal Government Launches $50-Million Fund To Boost Small-Business Exports

Darpan News Desk The Canadian Press, 05 Jan, 2016 01:06 PM

TORONTO — International Trade Minister Chrystia Freeland has announced $50 million in new funding for small businesses looking to export their goods.

Under the CanExport program, the federal government will reimburse up to 50 per cent of any spending between $10,000 and $100,000 by companies seeking to expand their overseas trade.

Businesses with fewer than 250 employees and annual revenue between $200,000 and $50 million will be able to offset the costs of travel, trade fairs, market research and other expenses related to exports.

Trade accounts for around two-thirds of the Canadian economy, and the Department of Global Affairs says one in five Canadian jobs is linked directly to exports.

While the falling loonie has made Canadian goods cheaper and more competitive, exports have not shown the strength that some had predicted.

Prev Next

MORE National ARTICLES

Physician, Heal Thyself: MDs Willing To Help Patients Die May Face Emotional Fallout

In just weeks, barring an extension from the Supreme Court that would alter the timetable, Canadian doctors will enter a new era in the practice of medicine — one that gives them the legal right to help patients with unbearable suffering to end their lives.

Physician, Heal Thyself: MDs Willing To Help Patients Die May Face Emotional Fallout

Liberals Launch First Phase Of Inquiry Into Missing, Murdered Indigenous Women

OTTAWA — The federal Liberal government is kicking off what it calls the first phase of its inquiry into the tragic phenomenon of missing and murdered indigenous women and girls.

Liberals Launch First Phase Of Inquiry Into Missing, Murdered Indigenous Women

Halifax Astronomer Catches Rare Image Of Booster Re-entering Atmosphere

A Halifax-based astronomer is the envy of his peers after he photographed a rare image in the skies from his balcony Sunday evening.

Halifax Astronomer Catches Rare Image Of Booster Re-entering Atmosphere

Four Mounties Suspended In New Brunswick Over Discreditable Conduct Allegations

The Mounties say they are acting on information that resulted in three suspensions in early November.

Four Mounties Suspended In New Brunswick Over Discreditable Conduct Allegations

Police In Grenada Search For New Brunswick Woman Who Disappeared While Jogging

ST. GEORGE'S, Grenada — Police in Grenada are searching the small Caribbean island for a missing woman from New Brunswick who disappeared while out jogging with her dog.

Police In Grenada Search For New Brunswick Woman Who Disappeared While Jogging

High-Income Earners Urged To Make Changes Now To Avoid Income Tax Increase

Tax experts say if you are lucky enough to find yourself in Ottawa's new top bracket — those earning $200,000 or more — you shouldn't defer any income that you can take this year because you'll pay more if you do.