Hub Podcasts Goldy Hyder on how Canada's new government can help companies grow
May 6, 2025
Goldy Hyder, President and CEO of the Business Council of Canada, shares insights on how the new government can create an encouraging environment for business growth. He emphasizes the need for strong trade relationships, particularly with the U.S., while navigating the complexities of Canada’s resource management. Hyder also discusses tackling affordability challenges and the urgent need for skilled immigrants to fill labor shortages. With an optimistic outlook, he champions unity among businesses and government to seize economic opportunities.
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Economic Challenges and Priorities
- Canada's prime minister inherits both a fiscal mess and structural challenges that hinder economic growth.
- Stabilizing the US-Canada relationship and reducing interprovincial trade barriers are essential to revitalizing investment.
Reset US-Canada Trade Relations
- Establish a constructive personal relationship between the Canadian prime minister and US president to reset trade talks.
- Begin the review and extension of USMCA promptly to remove tariffs and stabilize economic ties.
US-Canada Integration Reality
- The rhetoric of ending deep US-Canada integration overlooks lasting geographic and economic ties.
- A comprehensive agreement risks overreach; balancing asset leverage with national interest is vital.