Three things to take away
What is the outlook for Canada’s trade in goods – and how is the geopolitical and economic landscape impacting growth prospects
What are the key risk areas for firms involved in global commerce in 2024
What can firms engaged with international trade do to mitigate risk and promote growth by tapping into diversification, research, insurance and other financial products
Canadian businesses face a variety of opportunities and challenges in an increasingly complex geopolitical environment. As policymakers in Canada seek to reduce economic ties to China nearshoring is a growing trend, while strained relations with India may increase the risk of sanctions or reduce cooperation.
Canadian trade rapidly recovered from the pandemic as exports and imports reached new highs, but high interest rates continue to pose a challenge for businesses, and the economy is slowing down. The coming years are likely to see governments in Canada and the rest of the world looking to ensure access to critical goods while navigating trade flow concerns through the filters of evolving regulations, geopolitical uncertainty, and near-shoring and onshoring trends.
What is the outlook for Canada’s trade in goods – and how is the geopolitical and economic landscape impacting growth prospects
What are the key risk areas for firms involved in global commerce in 2024
What can firms engaged with international trade do to mitigate risk and promote growth by tapping into diversification, research, insurance and other financial products
Canadian businesses face a variety of opportunities and challenges in an increasingly complex geopolitical environment. As policymakers in Canada seek to reduce economic ties to China nearshoring is a growing trend, while strained relations with India may increase the risk of sanctions or reduce cooperation.
Canadian trade rapidly recovered from the pandemic as exports and imports reached new highs, but high interest rates continue to pose a challenge for businesses, and the economy is slowing down. The coming years are likely to see governments in Canada and the rest of the world looking to ensure access to critical goods while navigating trade flow concerns through the filters of evolving regulations, geopolitical uncertainty, and near-shoring and onshoring trends.
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