For Canadian firms looking to do business abroad, the U.S. is a natural destination. After all, from language to culture, we’re familiar with the country. While the two markets have many similarities, companies who want to help ensure success south of the border need to recognize some key differences too — banking among them.
“The U.S. system is unique, and differs in every state,” says Ray Kohler, senior manager, U.S. markets, Treasury Management and Trade Finance, RBC Royal Bank. Before heading to the U.S., he says, Canadian companies need to take the time and get the advice that will help them to fully understand and plan for the American environment.
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