As an American company doing business with Bayview metals, you will be opening yourself up to a whole host of savings which will have a significant impact on your bottom line. Bayview Metals competes on cost in Canada and in Canadian dollars, and we are dedicated to making sure that our products are affordable while still maintaining their high quality, so that American businesses can compete on cost across the border as well.
American companies are at the helm of an extraordinary value by sourcing fabricated sheet metal products from Bayview Metals, as they can save on costs when compared with doing business in the United States.
The Canadian dollar hit a 13-year low in January of 2016, trading at just 70.67 cents against the U.S. Dollar. At these rates, there are no reasons for Canadians to be buying American products, however, the opposite does not hold true.
With the loonie currently worth 30% less than the greenback, your money will go farther up North. The value of the American dollar in Canada, in addition to things like NAFTA, which eliminates duties on goods and services made in North America (all of our products are Canadian made), means you spend at least 30% less, given comparable products and pricing, buying from a Canadian company like Bayview.
The U.S. Central bank began raising its interest rates in December of 2015, and is projected to make further, smaller increases in 2016. The reaction from American banks was almost instantaneous, with major American banks and lenders raising their prime lending rates by as much as a quarter of a percent.
This increase in the cost of credit and the amount of interest businesses pay on loans and lines of credit will have a direct impact on the cost of doing business and their bottom line. Spending USD in Canada can help offset some of the costs associated with servicing debt.
Low Oil Prices
The low price of oil means that Canadian manufacturers will be able to save on production costs and pass those savings on to the consumer in the form of lower prices.
These decreased prices also mean more disposable income for U.S. consumers and businesses. So buying Canadian products, combined with more disposable income across the board in the United States, means that you are spending less money because of a favourable exchange rate, incurring the savings passed on by cheaper freight and energy costs in Canada and have more money at your disposal to allocate to operating and growing your business.
It has never been a better time to consider sourcing custom sheet metal products from Bayview. We are located just two hours from the U.S. border and have a solid reputation both in Canada and the United States as providers of some of the highest quality sheet metal products across a wide range of industries. We are Canadian owned and operated and have four and a half decades of experience providing exceptional customer service and manufacturing state of the art products.
For more information on how you can save while still receiving the same incredible service we’ve always offered, contact our team today. Our cost effective sheet metal provides the ideal solution for American companies looking for a great value.