Local Businesses Learn How Global Economy Effects Their Companies

In the modern age, everything around the world becomes more interconnected. This is increasingly prevalent in the global economy.

With the world economy increasingly dependent on each other, Winkler and District Chamber of Commerce with Access Credit Union invited Mark Weinberg Vice President, Portfolio Specialist Group at AGF Investments Inc., to give a presentation to local business owners about the global economic outlook

Though there are some concerns in the global economy overall Weinberg says the market is fairly positive with no huge jumps in growth like after previous recessions. He adds the same goes for Canada.

"We had our strongest run last year, we were at a growth of three percent, we were the top developed market in terms of growth. In this year and over the next few years we expect to moderate."

When consumers are showing more confidence it encourages business to show confidence in investments or creating jobs explains Weinberg.

By better understanding, this global economy, HR Manager at Access Credit Union Darren Heide says local businesses can make better decisions towards their growth.

"We have a lot of businesses in the Pembina Valley that manufacture and export whether that's manufacturing or commodities. We live in a global economy, so a lot of what we produce here gets transported across the country, across the province, and internationally as well."

The relevance of this outlook explains Heide is to have a better grasp of the global economic market and its impact on local businesses.