Canadian businesses are having a 30% off sale – well, almost!

It is no secret that American businesses start to look north when the Canadian dollar is lower and the American economy is picking up. This is because they see Canada as a place they can save and grow at the same time. Basically a lower dollar is both good and bad, depending on your place in the economy. The hospitality and tourist sectors, exporters and particularly Canadian manufacturers (which have been steadily losing market share in the world marketplace), are among the major winners. So too are the people employed in these industries. Experts argue that a 70¢ or 80¢ dollar is probably closer to fair value, and therefore a good thing for Corporate Canada and the broader economy.

Canada’s tourism industry traditionally gets a big boost when the dollar is appealing to those south of the border. This is further enhanced when American media like The New York Times recently released its list of 52 places to visit in 2016 – and Toronto comes in at No. 7. This past weekend brought thousands of American to Toronto for the first NBA All-Star game outside of the USA. Even many who did not have tickets for the game that just wanted to be here for the experience.

While the Canadian film industry has been steady the past several years, a lower dollar will bring even more productions north of the border, understanding what a deal this is for them. They get some of the best production crews in the world for as much as 30% off what they would be paying in the USA. Not only do they save on crew costs, but they save on equipment rental costs, studio costs, location costs and even production office-space costs.

It is not just manufacturing, tourism, cross-border retail and the film industry that see the benefits of the lower dollar, but the companies who supply them with products and services also see an increase in sales and profits. Suppliers to these industries will often hire additional staff when the demand is higher for what they are selling or doing for these industries.

Canada also has a technology sector that benefits from a lower dollar. Consumers of the tech products and services from around the world start looking at Canadian solutions just based on the cost savings too. Canada’s tech companies are some of the best in the world, with some of the top products and services. But when the dollar is too high, those looking for the solutions offered by the Canadian tech sector tend to try to seek cheaper (and sometimes inferior quality) solutions, simply to save money.

Even American technology companies look to Canada as a place to set up shop when the dollar is low. They know they can save money by moving some of their operations to Canada. They know that not only are their capital and recurring costs going to be lower (or discounted), but also that their labour costs will improve their bottom line. This is especially true of companies that offer North American customer support and sales call centres, because the current trend is going away from offshore customer support.

Some American firms looking for inroads into setting up shop or expansion to Canada are not always eager to rent office space that comes with a long-term lease, so they seek out serviced office space at office business centres like Telsec. Brian Miles (President and Owner of Telsec) often says that “The barometor of a strong U.S. economy and a low Canadian dollar, can be measured by the number of office rental inquiries from U.S.-based firms.” But he will also say that when things are tougher economically, that the number of U.S. tenants decreases.

Looking to Learn More?

Telsec | Logo White
18 King Street East Suite 1400
Toronto, Ontario
M5C 1C4 Canada
416-574-1112
Telsec | Logo White
18 King Street East Suite 1400
Toronto, Ontario
Canada M5C 1C4
416-574-1112
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Hotels

1. Jennifer Smith
General Manager
The Omni King Edward Hotel
37 King Street East
Toronto, ON
M5C 1E9
Tel: 416-863-9700
Website: www.omnihotels.com/hotels/toronto-king-edward

2. Mark Perry
General Manager
Executive Hotels and Resorts (Boutique)
8 Colborne Street
Toronto, ON
M5E 1E1
Tel: 416-350-2419
Website: www.spazen.ca or www.cosmotoronto.com

3. Emeline Boul
General Manager
Hotel Victoria (Boutique)
56 Yonge Street
Toronto, ON
M5E 1G5
Tel: 416-363-1666
Mobile: 647-574-5832
Website: www.hotelvictoriatoronto.com

4. Omkar Sawant
Reservations Manager
One King West Hotel
1 King Street West
Toronto, ON
M5H 1A1
Main: 416-548-8100
Reservations: 1-866-470-5464
Website: www.onekingwest.com

5. Van Nguyen
General Manager
Cambridge Suites Toronto
15 Richmond Street East
Toronto, ON
M5C 1N2
Direct: 416-601-3757
Hotel: 416-368-1990
Website: www.cambridgesuitestoronto.com

Restaurants

1. Michael Pagliaro
Carisma (Italian)
15 Toronto Street
Toronto, ON
M5C 2E3
Tel: 416-864-7373
Website: www.carismarestaurant.com

2. Patti Shaw
Terroni (Italian)
57 Adelaide Street East
Toronto, ON
M5C 1K6
Tel: 416-203-3093
Website: www.terroni.com

3. Declan
Restaurant 20 Victoria – Michelin guide approved
20 Victoria Street
Toronto, ON
M5C 2A1
Tel: 416-804-6066
Instagram for reservations: https://www.instagram.com/twentyvictoria/

4. Mana
Nami (Japanese)
55 Adelaide Street East
Toronto, ON
M5C 1K6
Tel: 416-362-7373
Website: www.namirestaurant.ca

5. Restaurant Lucie
100 Yonge Street
Toronto, ON
M5C 2W1
Tel: 416-788-9054
Website: www.restaurantlucie.com

6. Niam H
Cantina Mercatto
20 Wellington Street East
Toronto, ON
M5E 1C5
Tel: 416-304-0781
Website: www.cantinamercatto.ca

7. Siva Sathasivam
Uncle Tony’s
38 Wellington St E
Toronto, ON
M5E 1C7
Tel: 416-455-6650
Website: https://uncletonys.ca/

8. Pizzaiolo
104 Yonge Street
Toronto, ON
M5C 2Y6
Tel: 416-860-0700
Website: www.pizzaiolo.ca

9. Robin Singh
Woods Restaurant and Bar
45 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-214-9918
Website: www.woodsrestaurant.ca

Health and Wellness

1. Thom Tullo
Morpheus8 by Inmode
47 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-863-6564
Website: www.amanspa.ca

2. Altitude Athletic Training
56 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-366-3838
Website: www.altitudeathletictraining.com

3. Physioheath Studios
33 Victoria Street, #130
Toronto, ON
M5C 2A1
Tel: 416-368-2525
Website: www.physiohealth.com

Our Amenities

We are by far the most experienced and best coworking team in the market – established in 1980

  • We are the highest Tech centre in the market
  • We have a very modern, high quality, brand new facility located at:

   18 King Street East, Suite 1400

      Toronto, Ontario   M5C 1C4 Canada

    • 18 King Street East is a boutique Class A building – East of Yonge: easy street parking, less traffic, excellent restaurants and lovely parks – St. James Park @ Church & King and Berczy Park @ Wellington East, Scott and Front Streets – Very high energy and engaging area
    • A few steps (a few seconds) to the Yonge Street subway/underground PATH network and streetcar available outside building
    • Building is located in Toronto's vibrant financial district
    • Plenty of parking available in the area including street parking and reserved parking in the 18 King building 
    • Adjacent to the building huge outdoor food courtyard - Beer Bistro www.beerbistro.com and Craft Beer Market www.craftbeermamrket.ca restaurants and bars with onsite catering services
    • Onsite amenities:  Tim Horton's, Beer Bistro, Convenience store and Starbucks across the street 
    • Nearby amenities:  underground PATH network, numerous restaurants, banking, Starbucks plus a wide array of nearby shops and services 
    • New modernized office layout fully furnished with meeting spaces and training rooms plus café lounge area
    • We are leaders in the service of training/meeting rooms with full conference facilities, high quality hot and cold catering
    • Largest training room and conference facilities accommodate up to 60 people classroom style
    • Ultra-high-speed - 1 GIG pipe = 1,000 x 1000 fiber-optic network, which will deliver internet connection speeds faster than most North American services
    • Private shower room
    • Indoor Reserved Parking at the current building rental rate
    • Bicycle parking
    • Rent a space to accommodate your team for meetings, training sessions, corporate events or coworking space or flexible office space for one day, one week, one month or one year, or whatever term suits your business
    • Telsec has over 650 locations in 40 different countries worldwide available for their clients.  Office clients receive up to 8 hours of meeting space per month at no charge at any ABCN member location.  Plus, Office and Virtual Office clients may rent a space from any member location at special member rates which varies depending on the location 
    • King Edward Hotel is located across the street - recently completed a $40 million renovation and boutique hotels close by within walking distance
  • Dining and entertainment at high quality restaurants only minutes away – Carisma, Terroni, Woods Restaurant & Bar and Michelin Rated - Restaurant 20 Victoria. Plus numerous lunch and takeout eateries nearby

         Please check out our 70 second video on our home page or click here:

Take a look at our facilities www.telsec.net    

Telsec will Customize Your Client’s Office(s) Layout to Meet Their Requirements. 

You are welcome to drop-in any-time, a quick call would be appreciated to ensure our availability Vanessa 416-574-1112 or Josie 416-606-4349 or e-mail josie@telsec.net.