KPMG Survey: Canadian Leaders Prioritize Competitiveness Reforms Over US Trade Deal
What happened
KPMG surveyed 346 Canadian business leaders regarding the impact of the U.S. trade conflict. The survey found that 71% of leaders expect a business-friendly federal budget, and nearly three-quarters (73%) state that reforms to improve Canada’s competitiveness are more important than securing a trade agreement with the United States. Furthermore, 87% of leaders support Canada becoming more self-reliant and diversifying its economy.
From intelligencer.ca
Why it matters
The findings suggest that Canadian businesses are shifting their economic priorities from external trade agreements to domestic policy and structural reforms to manage an uncertain global economy. Leaders want the federal budget to translate economic strategy into concrete domestic action while strengthening international alliances.
The event takes place amid rising trade tensions between Canada and the U.S.
From intelligencer.ca
Who's involved
- KPMGConducted the survey of Canadian business leaders
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- DeloitteSpeculative
Increased economic uncertainty from the trade conflict could drive higher demand for professional services
Keep exploring
The entities involved
-
KPMG
provider of audit, legal, tax advisory, financial, and business advisory services