Navigating the Maze: Understanding cross-border payments and overcoming challenges in international transactions
Article courtesy of Corpay In an increasingly interconnected world, cross-border payments play a pivotal role in facilitating global trade and commerce. From multinational corporations conducting business across continents to individuals sending money to family members overseas, cross-border payments are an essential lifeline of the global economy. However, navigating the complexities of international transactions comes with its fair share of challenges. In this article, Corpay dives into some of the intricacies of cross-border payments, explores common challenges faced by businesses and individuals, and discusses strategies to help overcome these hurdles. Understanding Cross-Border Payments: The Basics Cross-border payments refer to financial transactions
AV Gauge & Automation named one of Canada’s Best Managed Companies
AV Gauge & Automation achieved Platinum Club status with the Canada’s Best Managed Companies program by retaining its Best Managed designation for seven consecutive years or more. submitted photo CTMA member company, AV Gauge & Automation, has achieved Platinum Club status with the Canada’s Best Managed Companies program by retaining its Best Managed designation for seven consecutive years or more. Celebrating over 30 years, Canada’s Best Managed Companies program awards excellence in private Canadian-owned companies with revenues of $50 million or greater. To attain the designation, companies are evaluated on their leadership in the areas of strategy,
Government of Canada announces new $1B BDC program; $500M in additional funding for Regional Tariff Response Initiative
The Government of Canada has announced $1.5 billion to support several of Canada’s tariffed industries. This includes the creation of a new $1 billion Business Development Bank of Canada (BDC) program that will strengthen Canada’s economic resilience. The program will be available to industries that manufacture and export products containing steel, aluminum or copper. It will support firms that use these metals in a significant way in their production and that have been impacted by the tariffs. As a result of the United States’ April 6, 2026, adjustment to its tariffs on products containing steel, aluminum and copper, the Government
Important Updates: Federal Tariff Support Programs Re-Opened and Expanded
The Government of Canada has announced updated support measures for businesses impacted by U.S. tariffs, including the reopening of FedDev Ontario’s Regional Tariff Response Initiative (RTRI) and the launch of a new financing program through the Business Development Bank of Canada (BDC). FedDev Ontario – Regional Tariff Response Initiative (RTRI) Re-Opened FedDev Ontario’s RTRI program is once again accepting applications after previously being paused on May 1, 2026. The initiative provides funding to help tariff-impacted businesses respond to ongoing U.S. trade measures through: Market diversification and export development strategies Productivity and technology investments Supply chain adjustments Competitiveness and operational improvements
Strong turnout at CTMA’s Breakfast Seminar Series
The CTMA recently wrapped up its latest Breakfast Seminar series, hosting well-attended events in Kitchener, Windsor, and Mississauga. The series brought together members from across Ontario for a week of insightful discussions, valuable networking, and shared perspectives on the future of manufacturing. Each stop on the tour saw strong engagement from attendees, reinforcing the importance of in-person connection within the tooling and machining community. From early-morning conversations over coffee to interactive discussions during the sessions, the events provided a platform for members to exchange ideas, explore challenges, and identify opportunities within the industry. A key highlight of the series
Ontario’s Economic Plan advances key CTMA priorities and strengthens outlook for manufacturing sector
The Canadian Tooling & Machining Association (CTMA) welcomes the Ontario government’s 2026 budget, A Plan to Protect Ontario, which outlines a comprehensive strategy to strengthen the province’s manufacturing sector, enhance global competitiveness, and build long-term economic resilience. Many of the measures announced reflect priorities CTMA has actively advanced through ongoing engagement with government, including tax competitiveness, investment in advanced manufacturing, workforce development, supply chain resilience, and reducing regulatory burden. At a time of global economic uncertainty, tariffs, and shifting trade dynamics, the province’s plan signals a strong commitment to supporting Ontario manufacturers and positioning the province as a leader