This JavaScript enables OnlineOpinion, a method for collecting secure feedback data.
Go InternationalMore Information
Feedback
Replay Video
Replay Video

Want to learn more? Check out the following content.

Supporting Expansion in Canada

Canada is a vital market for U.S. companies. The United States sells more goods to Canada than to all 27 countries of the European Union combined.

« Return to Feature


Supporting Expansion in Canada

Canada is a vital market for U.S. companies. The United States sells more goods to Canada than to all 27 countries of the European Union combined.
I’m Eithne O’Malley, Vice President, International Cash Management Products, for PNC’s Treasury Management Group.

The ease and longevity of our relationship with Canada can make us forget that Canada offers unique business potential and may have customs, laws, rules and regulations that may require just as much attention and insight as those of our more distant trading partners.

Challenges may include customs documentation, bilingual labeling and packaging requirements. Canadian federal and provincial sales tax accounting can be difficult to navigate. Procurement procedures are also different.

Whether you have subsidiaries, operations or sales offices in both Canada and the United States -- or are planning an expansion north of the border--you will need help from your financial institution in managing payables, receivables and currency issues and arranging credit and treasury management services. What kind of bank do you need to help support your growth into this market?

You might choose to bank on both sides of the border with a Canadian financial institution.

You could do business with a U.S. financial institution that does not have a branch in Canada.

You could bank in the United States with a U.S. financial institution and in Canada with a Canadian financial institution.

Banking with a U.S. financial institution that has a full service branch in Canada can have significant advantages, including: familiarity with your business and industry, faster response to treasury management and credit requirements and related amendments in both countries and... lending in the United States through PNC Bank and lending in Canada through PNC Bank Canada Branch. We can also facilitate your business expansion and streamline collateral and documentary relationships.

In 2014, PNC received approval from Canada’s Office of the Superintendent of Financial Institutions to operate as a full service branch. Our services include a full range of committed and uncommitted revolvers and term loans in Canadian or U.S. dollars, commercial, asset-based and equipment finance loans and leases and comprehensive business depository and treasury management services.

PNC Bank Canada Branch offers specialized knowledge and experience to help you succeed in this vital cross-border marketplace. For more information, please contact me using the information on the next screen. Thank you for your time and attention.

Go International: Additional Features
  • Choosing a financial institution to support expansion in Canada

    Learn More »

    Canada is a vital market for U.S. companies. The United States sells more goods to Canada than to all 27 countries of the European Union combined.

  • Gaining control and flexibility in your international cash flow

    Learn More »

    Companies of all sizes are increasingly looking for growth beyond borders. In order to succeed in the international marketplace, you need control and flexibility in your cash flow.

  • Managing currency risk with foreign exchange options

    Learn More »

    Some currencies have been locked in extended periods of rangebound trading while others have experienced significant one -directional moves. Options can deliver protection and an opportunity to gain back what may have been lost in an adverse move. 

  • BRICS: Currency risks and mitigation tactics

    Learn More »

    More and more U.S. companies are engaging with vibrant emerging markets, such as those represented by the so-called BRICS -- Brazil, Russia, India, China and South Africa. Manufacturing capacity, raw materials, labor and even technology make these markets attractive destinations for international expansion. However, doing business with the BRICS can be a challenge.

  • Liberalization of the Chinese currency, RMB

    Learn More »

    Over the past decade, U.S. trade with China grew more than 3 ½ times faster than total U.S. foreign trade. If you are one of the growing number of companies doing business in China, recent moves to liberalize its currency can have substantial bottom-line benefits for you.

  • Opportunities in the Canadian market for U.S. Companies

    Learn More »

    The ease and longevity of our relationship with Canada can make us forget that the enormous territory to the north is not just an extension of the United States. Like any other global market, Canada has its own customs, laws, rules, and regulations that require just as much attention and insight as those of our more distant trading partners. 

  • How will you succeed in the international marketplace?

    Learn More »

    Companies of all sizes are increasingly looking for growth beyond borders. In order to succeed in the international marketplace, you need control and flexibility in your cash flow. That means clear visibility into your accounts as well as cash management and liquidity structures that maximize access to funds and liquidity solutions in different local and regional markets and in multiple currencies.

  • Keys to overcoming China's biggest challenges

    Learn More »

    Emerging markets aren’t easy, least of all China. While there is no shortage of minor obstacles in China, the major issues that can really knock a company off track are having the wrong strategy, the wrong partner or poor management.

  • How well are you positioned for international growth?

    Learn More »

    In 2012, the United States once again set a record for exports with a volume of goods and services totaling $1.55 trillion, up by roughly $66 billion from 2011. Legislation focused on improving trade advocacy and export promotion efforts, increasing access to credit and removing barriers to the sale of U.S. goods and services abroad is intended to double exports by 2014.

  • BRICS: Currency risks and mitigation tactics

    Learn More »

    More and more U.S. companies are engaging with vibrant emerging markets, such as those represented by the so-called BRICS -- Brazil, Russia, India, China and South Africa. Manufacturing capacity, raw materials, labor and even technology make these markets attractive destinations for international expansion. However, doing business with the BRICS can be a challenge for companies accustomed to the certainties of mainstream currencies

  • Managing currency risks with international transactions

    Learn More »

    Companies buying, selling or capitalizing a foreign business often overlook potential and ongoing currency risks including currency impacts on valuation, financial statements, and capitalization.

    This webinar will provide specific, actionable information on currency risk management, including: pre-close exposure/hedging, managing the currency impact of capitalization decisions, financial statement impact and more.

  • Improving your foreign exchange policies and practices

    Learn More »

    As companies increase engagement with international trading partners and markets remain unpredictable, they must develop and adopt effective foreign exchange risk strategies. This webinar will cover why you need an FX policy, elements of an effective policy, forecasting, budgeting and planning and considerations for the period between trade execution and maturity.

  • China: Finding opportunity in recent changes

    Learn More »

    China is the world’s second-largest economy and continues to have very bright growth prospects. Yet doing business there can be highly challenging.  This webinar will provide insight into recent changes in the Chinese financial climate and the potential impact of China’s new currency liberalization policy on your prospects for success.

  • Advantages of doing business in the local Chinese currency

    Learn More »

    If you are doing business in China, the recent liberalization of its currency can have substantial benefits for you. It’s easier to make and receive payments and there are more tools for managing currency risk.

  • China's offshore RMB market: Impacts for foreign companies

    Learn More »

    "Prior to 2009, China’s currency, the renminbi (RMB), could only be used within China. Cross-border flow of the RMB was effectively prohibited. In 2009, China began changing regulations so as to facilitate the development of an “offshore” RMB market which effectively means RMB can be held outside of China and can flow in and out of China for the payment for goods and services and for certain
    investment purposes."

  • China's offshore RMB market for financial personnel

    Learn More »

    Prior to 2009, China’s currency, the renminbi (RMB), could only be used within China; cross-border flow of the RMB was effectively prohibited. In 2009, China began changing regulations so as to facilitate the development of an “offshore” RMB market which effectively means RMB can be held outside of China and can flow in and out of China for the payment for goods and services and for certain investment purposes.

  • Chinese renminbi internationalization

    Learn More »

    China’s dramatic growth in international trade has made it the second largest economy in the world, as well as the largest exporter. However, the use of China’s currency, the renminbi (RMB), has not grown as extensively as the economic boom. China’s currency has been subject to extensive exchange controls, which has resulted in the U.S. dollar (USD) being used for the majority of cross-border transactions

  • Doing business in China

    Learn More »

    When you take on the substantial risks and rewards of doing business with China, you need to avoid the wrong strategy, the wrong partner, and poor management. You can accomplish this by focusing on China’s economic structure, business environment and culture.

  • International banking services

    Learn More »

    The rewards of doing business internationally have never been greater. And it’s never been more important for businesses of all sizes to understand how to take advantage of the opportunities and mitigate the risks presented by global commerce. Here are some winning strategies to help you participate in the growth of international trade.

  • Currency and risk mitigation for international businesses

    Learn More »

    If you are involved in international business as an importer, exporter or multinational, your head must be spinning. Paul Toth, Managing Director, PNC’s Foreign Exchange Group, outlines currency issues and suggests ways to mitigate risk.

  • Insight on Latin America

    Learn More »

    With a significant slice of the world's total GDP and a youthful, growing population, Latin America offers abundant opportunities for smart U.S. businesses.

    PNC, in partnership with the U.S. Commercial Service, highlight issues you may want to consider when doing business in Argentina, Brazil and Chile.

  • International payments and risk mitigation

    Learn More »

    Do you know the safest ways to get paid for an international sale? The U.S. Commercial Service & PNC Bank help with our "Making Exporting Easier" web-based seminar that outlines the common international methods of payment used in global trade and risk mitigation tools.

  • Tailoring rolling FX hedges

    Learn More »

    Rolling FX Hedges can be tailored to match your company's cash flow needs and adjust for risk, enabling your company to compete in a changing business environment.  Garry Duncan, Managing Director in PNC's Foreign Exchange Group, outlines how these can be a viable option.

  • Business considerations in Canada and Mexico

    Learn More »

    US, Canada and Mexico represent the world's largest free trade area, created in 1994 through the North American Free Trade Agreement (NAFTA). NAFTA has opened up unprecedented opportunities for companies throughout the US. In this webinar, we explore what businesses need to know to enhance their success in Canada and Mexico.

  • International treasury management 

    Learn More »

    Canada and Mexico provide tremendous business opportunities for U.S. companies that want to grow.  However, there are still some unique challenges that need to be addressed. George Hoffman, Senior Vice President of PNC's Global Treasury Management Group, reviews some of the differences in banking services, regulations and market risks that could affect your bottom line.



The materials or video that you are going to view were prepared for general information purposes only and are not intended as legal, tax or accounting advice or as recommendations to engage in any specific transaction, including with respect to any securities of PNC, and do not purport to be comprehensive. Under no circumstances should any information contained in those materials or video be used or considered as an offer or commitment, or a solicitation of an offer or commitment to participate in any particular transaction or strategy. Any reliance upon any such information is solely and exclusively at your own risk. Please consult your own counsel, accountant or other advisor regarding your specific situation. Any opinions expressed in those materials or videos are subject to change without notice.

PNC is a registered mark of The PNC Financial Services Group, Inc. ("PNC")
©2014 The PNC Financial Services Group, Inc. All rights reserved.

General Disclosure

Site Map