Previously the position and the scope of Canada pertaining to the market and production of energy resources like crude oil have been analyzed. It has been identified that Canada has vast deposits of oil in the Atlantic as well as in its land, making it a rich source of crude oil resource.
Moreover the American orientation of the country and its close relations with the United States as well as its stable growing currency gives it a strong position in the market for crude oil.
Further on in the course of strategic planning, the risks that were associated with operations in Canada were identified. The political, legal and regulatorvby risks highlighted that the region has a stable and development oriented political scene, which is supported by the legal system in Canada. Moreover the regulations in the region are similar to the ones in US, making the low and favorable for investment. The exchange rate risks are low for the country is low as well as the currency of the country is quite stable. The competitive risks in the region however are high as there exists fierce competition amongst the local and the international business. The government has taken steps to lower this risk for investors.
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