U.S. tariffs push some Canadian businesses across the border
Summary
This episode of The Current examines how escalating US-Canada trade tensions are forcing manufacturers to pivot operations or seek costly workarounds. Host Matt Galloway interviews Jack Shinder of Ambico, who uses American steel to avoid tariffs, and Todd Stafford of Northern Cables, who lost half his business to new duties. Dennis Darby of Canadian Manufacturers and Exporters highlights a KPMG survey showing 40% of manufacturers consider moving south, while noting that most firms are freezing investment due to uncertainty. The discussion also addresses the existential threat of Chinese mar…
Topics discussed
Sponsor: Perk travel and spend platform
Intro: Canadian companies moving operations to US
Interview: Ambico CEO on steel tariffs and workarounds
Ambico: Considering US production and CAD advantage
Interview: Northern Cables on losing half US business
Northern Cables: Cost of moving production south
Sponsor and promo: 2 Blocks from the White House
Northern Cables: Chinese dumping and government response
Interview: CME on survey data and moving production
CME: Impact on investment and SMEs vs multinationals
CME: CUSMA coverage and unaffected trade sectors
CME: Government relief programs and liquidity needs
Closing remarks
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