SMEs say trade is key to economic growth: FedEx survey
57% believe increasing the amount of trade between Canada and other countries will help their businesses
MISSISSAUGA, Ont. — Canadian small and medium businesses (SMEs) believe economic improvement and international trade are closely linked, according to a survey conducted for FedEx Express Canada.
The survey by Morning Consult on behalf of the Canadian subsidiary of global courier FedEx Corp. shows 83% of respondents agreeing that increasing trade between Canada and other countries will improve the economy overall.
Most SMEs (57%) believe increasing the amount of trade between Canada and other countries will help their businesses, but only 37% are currently selling goods online. More (44%) American SMEs are doing business online. The poll confirms SMEs from both countries are largely focused on local customers.
81% of the companies say fees and tariffs have had a great deal or some effect on the growth of their businesses. Nearly half (48%) say that variations in fees and tariffs have been a major challenge, and 44% say that import and export fees have been a major challenge.
The poll was conducted from Sept. 17-20, among 500 SME decision-makers in Canada. The margin of error is plus or minus four percentage points.
Both NAFTA and CUSMA (Canada-United States-Mexico Agreement) have positive support among SMEs in Canada. 90% in Canada support NAFTA. A similar amount (86%) support CUSMA.