Small Firms Turn Cautious on Overseas Expansion

(Sharon Singleton — Toronto Sun)

Canada’s small to medium-sized companies may have turned cautious on foreign expansion after the global recession with many saying their earlier expectations for success have not been met, a survey found.

One-quarter of respondents to the KPMG “Taking on the world” survey were unsure if their ventures in overseas markets were successful, while another quarter admitted they weren’t. Half of the 294 companies responding said they thought their operations outside of Canada were successful, but that’s down from last year’s number.

The results contrast with government figures showing that companies are taking advantage of the strong loonie to go on a buying spree for foreign assets, especially in the United States. Read more here.