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.
34:53
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Quick takeaways
- Creating stable conditions and addressing interprovincial trade barriers are crucial for boosting Canadian companies' investment and growth potential.
- Strengthening ties with the U.S. through sincere dialogues on trade issues is essential for sustaining Canada's economic competitiveness and investment.
Deep dives
Need for Clarity and Action from the Government
The new Prime Minister, Mark Carney, faces a daunting economic landscape, burdened by both longstanding structural issues and potential short-term downturns. In a letter to Carney, business leaders emphasized the necessity for bold and decisive action to address these challenges, indicating that capitalism thrives on stability and certainty. The uncertainty surrounding interprovincial barriers and trade agreements is creating apprehension within the business community. Without clear signals and effective governance, capital investment is likely to stagnate, negatively impacting Canada's overall economic health.
