The Canadian federal government is convening a meeting this Friday in Toronto, with the aim of fortifying the country’s economy amidst its rapidly evolving trade relationship with its primary trading collaborator.
This gathering comes in response to U.S. President Donald Trump’s proposed broad tariffs, which have now been deferred until March 4. This impending threat, coupled with the unpredictable nature of his administration, has incited various business, labour and Indigenous leaders, along with public policy experts, to encourage Canada to explore alternate trading allies and methods to enhance domestic trade.
The summit is the initiative of the newly formed advisory council on Canada-U.S. relations, spearheaded by the government. Flavio Volpe, a council member and the head of the Automotive Parts Manufacturers Association, expressed his optimism that this initiative will be the beginning of a larger, more comprehensive strategy. He stressed that Canada is currently confronted with an unprecedented industrial challenge, requiring a united effort akin to the initial stages of the COVID-19 crisis.
The summit will witness participation from representatives of the Federation of Canadian Municipalities, Canadian Manufacturing and Exporters, and the national chief of the Assembly of First Nations. Highlighting the importance of such gatherings, Windsor, Ont. Mayor Drew Dilkins pointed out that these meetings can help foster alignment and synergy among different tiers of government and the private sector.
The looming tariff threat has led border community mayors to form the Border Mayors Alliance to campaign for cities that stand to lose the most. They believe that such grassroots initiatives can only be successful if everyone comprehends and supports the approach.
Prime Minister Justin Trudeau emphasized the need for a ‘Team Canada’ approach, conveying the country’s proactive stance, rather than simply gearing up for the impact. He highlighted the vital task of eliminating barriers to interprovincial trade. Echoing this sentiment, Dennis Darby, head of Canadian Manufacturers and Exporters, insisted on addressing the structural issues in the Canadian economy. He emphasized the necessity to simplify goods movement between provinces and to fully leverage Canada’s trade agreements with other nations.
With the uncertainty of relying on American trade, the meeting aims to explore alternatives and make the Canadian economy more resilient.
