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A KPMG online survey of business leaders from 275 manufacturing companies said another 13 per cent of respondents plan to shift production south of the border. More than three-quarters of those planning a move expect it to happen within two years. (The Logic)
Talking point: Fifty-seven per cent of respondents to the survey conducted from May 11 to 29 said economic uncertainty and the U.S.-led trade war had caused them to pause, reduce or cancel capital expenditures, while 42 per cent scaled back or suspended spending on research and development. “Manufacturers have shown incredible resilience, adapting to tariffs and uncertainty to navigate this period of heightened volatility,” Anamika Gadia, partner and national leader of industrial markets at KPMG Canada, said in a statement. “But businesses can only operate in endurance mode for so long.”
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