Canadian Businesses Cautiously Optimistic on Federal Agenda Amid U.S. Trade Tensions
Event summary
- 51% of Canadian business leaders expect federal economic measures to improve their outlook over the next three years.
- 66% have adjusted prices due to tariff costs, with 31% fully accounting for tariffs.
- Top priorities include regulatory reform (50%), infrastructure acceleration (47%), and tax reform (43%).
- 33% of businesses plan to expand into new markets within the next one to three years.
The big picture
Canadian businesses are cautiously optimistic about the federal government's economic agenda, but execution remains critical amid escalating U.S. trade tensions. The survey highlights a need for regulatory reform, faster project approvals, and tax competitiveness to unlock growth. With one-third of businesses planning to expand into new markets, diversification efforts are underway, though the U.S. remains the dominant trade partner.
What we're watching
- Regulatory Reform
- The pace at which Canada can streamline regulatory processes will determine its ability to attract investment and accelerate major projects.
- Trade Diversification
- Whether Canadian businesses can successfully diversify trade relationships while maintaining strong U.S. market ties remains a key strategic challenge.
- Policy Execution
- The federal government's ability to translate economic commitments into tangible actions will shape business confidence and investment decisions.