A representative from one of the largest banks in Canada said that new laws passed by the United States would not hurt Canadian small business owners.
Marie Lynne Desrocers, the vice president of business accounts and global transaction solutions at RBC, recently told the Canadian American Business Council that entrepreneurs did not need to limit their business dealings to the United States, the Vancouver Sun said in an article.
"Evidence substantiates the position that growing protectionism measures have not had a great impact on the profitability of Canadian SMEs [small and medium enterprises] and that these enterprises have focused on other markets lately, other than the U.S., to take advantage of growing opportunities or refocused their efforts on the domestic economy," said Desrochers, according to the Sun.
Desrochers said that RBC had been overwhelmed with calls from people in the business community wanting to know more about setting up businesses all around the world.
RBC Canada made other headlines recently, after it hired a new person to oversee its operations in the United Kingdom. Reuters reports that Mark Preston, who most recently worked for JPMorgan, will oversee all business transactions in the region.
