On Saturday, Canada’s business owners awoke to a new trade crisis, one that has the potential to ensnare more businesses than previous north-south trade disputes. The Trump administration’s threats to impose 50 per cent tariffs on more than $20 billion of Canadian goods, or approximately 5 per cent of our exports to the U.S., had […]
Perhaps the most daunting aspect of the U.S. government’s trade strategy, which apparently involves the announcement of punishing new tariffs without notice, is the lack of economic predictability for business leaders. Anxieties over where to invest—if at all—are giving owners of small to medium-sized businesses in both the U.S. and Canada reason to pause crucial […]
Individual Canadian investors and Canadian businesses with U.S. assets are breathing at least a tentative sigh of relief today. At the Trump administration’s request, U.S. Senators appear to have agreed to remove the contentious Section 899 from the One Big, Beautiful Bill Act, the tax and spending legislation currently before Congress. While this is a […]
Of all the economic disruption caused by the Trump administration in recent months—roiling markets and global investment patterns with tariff threats, upending longstanding agreements with trade partners and generating widespread economic uncertainty—his One Big, Beautiful Bill Act could have the most direct non-tariff impact on Canadian business owners and investors. Indeed, Section 899 of the […]
Ontario Premier Doug Ford has been the first minister most visibly and vocally opposed to U.S. President Donald Trump’s tariff program. Ford has continually done the rounds on U.S. cable TV, making the case for continued economic cooperation between our two countries and warning of the cross-border economic implications of a trade war. He promised […]
With U.S. tariffs in effect across key industries such as steel and aluminum, and more about to apply across Canada’s auto sector, the Ontario government this week announced approximately $11 billion in new tax relief measures for businesses. Businesses now have the option to defer payments between April 1st, 2025 and October 1st, 2025 on […]
There’s nothing like an impending crisis to force Canadian entrepreneurs to become more creative in their business dealings, explore new markets and generally seek new ways to become even more innovative. Our slowly-escalating trade conflict with the United States is just such a moment in time when many business owners will begin to re-think their […]
When U.S. President Donald Trump imposed tariffs on Canadian steel and aluminum in June, executives in those industries recoiled at the potential fallout, and warned of pending job and revenue losses. Economists promptly cautioned that the ripple effect wouldn’t be contained to those two sectors. Indeed, entire supply chains could face widespread disruption as the […]
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