The Decibel
The companies betting on Canada despite U.S. tariffs
Apr 22, 2025
Pippa Norman, an innovation reporter for The Globe and Mail, dives into how Canadian businesses are adapting to U.S. tariffs. She highlights companies like Oddburger prioritizing local growth over U.S. expansion. The discussion reveals how a compostable packaging manufacturer and a steel can producer are seizing new opportunities at home. Pippa also sheds light on the challenges faced by the manufacturing sector and how firms balance domestic production with the complexities of trade policies. It’s a fascinating look at resilience amidst uncertainty!
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Quick takeaways
- Despite U.S. tariffs causing uncertainty, some Canadian companies like Oddburger are choosing to focus on domestic growth opportunities.
- The overall manufacturing sector in Canada is facing challenges due to declining output and regulatory barriers that hinder investment.
Deep dives
Impact of U.S. Tariffs on Canadian Businesses
U.S. tariffs have created a climate of significant uncertainty for Canadian businesses, complicating their decision-making processes. Companies are facing heightened risks when planning investments or strategies, particularly those that typically rely on cross-border trade with the U.S. Despite this adverse environment, some Canadian firms are demonstrating resilience by pivoting their focus toward domestic expansion rather than expanding southward. This duality reflects the challenging landscape caused by tariffs while revealing opportunities for growth within Canada.
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