Investing in Canadian Businesses Is Investing in Canada's Future
Now more than ever, it is imperative to support Canadian businesses. This doesn’t just feel good, it is essential for our economic prosperity, lifting everyone up.
In today's volatile global economy, the choices we make about where to direct our support and spending have far-reaching consequences. As we navigate economic uncertainty, one truth stands clear: investing in Canadian businesses isn't just good business—it's essential for our national prosperity.
The Hidden Cost of Not Supporting Canadian Businesses
When we allow Canadian SMBs to struggle without adequate support and resources, we face serious repercussions:
Economic Drain: For every 10% increase in imports over domestic purchases, Canada loses approximately 26,000 jobs and $3.7 billion in GDP
Innovation Exodus: 68% of Canadian startups report considering relocation outside Canada due to funding challenges
Supply Chain Vulnerability: The pandemic revealed that 74% of Canadian companies experienced severe disruptions due to over-reliance on international suppliers
The Multiplier Effect of Buying Canadian
Research from the Business Development Bank of Canada shows that for every $100 spent at a Canadian business, $68 stays in the local economy, compared to just $43 when spent at multinational corporations.
Consider these compelling statistics:
Canadian SMBs employ over 10.3 million Canadians—nearly 90% of private sector employment
For every job created in manufacturing, 2.2 additional jobs are created in other sectors
SMBs contribute 52% to Canada's GDP, forming the backbone of our economic resilience
Education and Skills Training: The Missing Piece
The success of Canadian businesses depends not just on our purchasing decisions, but on our commitment to developing world-class capabilities:
Skills Gap Reality: 40% of Canadian entrepreneurs identify skills shortages as their biggest barrier to growth
Training Differential: Canadian businesses invest just 81 cents for every dollar American companies spend on employee training
Digital Divide: Only 19% of Canadian SMBs consider themselves digitally advanced, leaving them vulnerable to disruption
This skills gap represents both a challenge and an opportunity. Businesses that invest in continuous learning outperform their peers by 37% in revenue growth and 34% in profitability.
The Path Forward: A National Commitment
Supporting Canadian businesses requires a multi-faceted approach:
Prioritize Canadian Suppliers: Review your supply chain and identify opportunities to replace international suppliers with Canadian alternatives
Invest in Skills Development: Create robust training programs that prepare your workforce for emerging challenges
Build Resilient Operations: Develop contingency plans and flexible operations that can weather disruptions
Embrace Digital Transformation: Leverage technology to compete effectively in a changing marketplace
How Intero Solutions Strengthens Canadian Business
At Intero Solutions, we believe in Canadian business potential. Our Operations as a Service model is designed specifically to address the challenges facing Canadian SMBs:
Operational Excellence Programs tailored to Canadian business regulations and market conditions
Skills Development Pathways that build capacity within your organization
Supply Chain Resilience Assessments to identify vulnerabilities and Canadian alternatives
Digital Transformation Roadmaps customized for your business maturity
Take Action Today
The future of Canadian prosperity depends on the choices we make today. Here's how you can contribute:
Audit Your Supply Chain: Identify opportunities to switch to Canadian suppliers
Contact Intero Solutions for a free operational assessment focused on Canadian market resilience
Join Our Canadian Business Network connecting SMBs with domestic suppliers and partners
Participate in Our Skills Development Webinars designed specifically for Canadian business challenges
The time for supporting Canadian businesses isn't just during designated "buy local" campaigns—it's every day, with every business decision. Together, we can build a stronger, more resilient Canadian economy.
Contact Intero Solutions today to start your journey toward operational excellence and Canadian business leadership.
