The Chamber’s Business Data Lab found less than one per cent of the 9,103 businesses surveyed in April and May had established operations in the U.S. Only five per cent of companies that export goods and eight per cent of service exporters had moved south. (The Logic)
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The Chamber’s Business Data Lab found less than one per cent of the 9,103 businesses surveyed in April and May had established operations in the U.S. Only five per cent of companies that export goods and eight per cent of service exporters had moved south. (The Logic)
Talking point: U.S. President Donald Trump’s letter to Prime Minister Mark Carney said Canadian companies wouldn’t face tariffs if they moved their manufacturing operations to his country, and promised regulatory approvals within weeks. Picking up and moving is a big and costly decision though, said the data lab’s vice president Patrick Gill, and not one companies would make lightly. Goods exporters instead appear to be looking beyond the U.S., as 37 per cent look to diversify their suppliers and 28 per cent look for customers elsewhere. The tariff situation has exporters hitting record low levels of business confidence as firms wait out the trade talks, Gill said.
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