No matter which way you look at it this is not good. We need to keep pushing for more trade partners and investment into economic projects
CTMADOC on
More boycotting, I suppose. It’s a lot to keep track of, but also important to send a message however small it appears to be.
Dragonfruit_6104 on
At least give manufacturing a reason to stay.
I can’t think of any.
flatulentbaboon on
Anyone that’s banking on the next Democrat president to remove the tariffs is going to be waiting a long time
Biden kept and even strengthened Trump’s tariffs when he came into power and also introduced new ones and no Democrat is going to risk the fallout from manufacturing leaving the US again under their rule
This is the new reality and it’s evident from how many people in other threads that say we can just wait Trump out that many are living with misguided hope
4user_n0t_found4 on
Well I hope we’re keeping a list of companies that do. And when this is over and the political terrorism ends these companies are held accountable for their actions.
No-Arrival633 on
Time to boycott Toyota as well. Spineless cowards
Ok_Reindeer_792 on
Well certainly those companies who move production to the US better expect Canadians to abandon the products of those companies. l know l’m watching.
PrestondeTipp on
While this is ultimately just a CEO poll from KPMG, the consequences of even part of it becoming a reality is devastating.
Canada is in for economic hurt, there’s no doubt about it.
JurboVolvo on
We already had a very big manufacturing exodus.
redpandafire on
This isn’t news if you’ve ever followed a public manufacturing company. They’re all in acquisition for US companies to make the leap. It’s a hot MnA market for small US startups.
Albekvol on
I unfortunately think the only way out is through. We gotta increase housing to make it affordable again, at 2014 levels and then with that, grow the population aggressively so that the size of the Canadian market becomes too hard to ignore. Canada under Martin / Harper was 9 to 10 times smaller than the US, now under Trudeau / Carney it’s 8 times.
I know a lot of people don’t like the idea, but with the big infrastructure projects creating new jobs and unemployment finally starting to fall again, infrastructure projects opening up across the country and more businesses creating more opportunity, it’s our one shot in the last 20 years to really pull ahead and start getting to a point where we can grow outside of the main metros and start becoming more independent.
Along with that, diversifying trade towards Asia and Europe would help further reduce risk.
It’s time to start pushing guys, Canadian culture and industry
just_ate_a_pinecone on
Is there anything not shit in this country. So depressing every day seeing bad news after bad news
Nerevarine123 on
People need to stop saying we need to diversify our trade partners as if we can ever replace america in any way shape or form. We need to consider what concessions we are willing to accept and go back to the table or be happy with hundreds of thousands of canadian jobs lost forever.
Pride or economics
snappla on
This sub is always so down on Canada. Every post is doom and gloom.
Psychological_Wall51 on
So are the same guys moving the manufacturing to the US going to stop whining when we start importing products from overseas? (Looking at the Auto sector)
AcanthaceaeOwn1481 on
Yea that’s why we chose German. To bring back EU membership to Canada /s
DelugeQc on
We getting sucking dry by the US… Djeezus Christ that suck to be this pathetic. The last 30 years of economic governance in Canada was to pretty much set up the weakest foundations to prevent that from happening. We are basically fucked.
Citoahc on
I’m scared for the economy that we gonna have in the next few years.
Necessary-Book-9282 on
[ Removed by Reddit ]
BandicootNo4431 on
If these companies leave Canada, then free trade isn’t really in our interest anymore.
If they want to go south, then tarrifs to protect the companies that remain who would be otherwise threatened is probably the move unfortunately.
Unilateral tarrifs aren’t going to help us, and dropping out tarrifs while the US kept theirs is weakness.
Sand_Seeker on
I just learned about the sale of a Canadian company while shopping for furniture. Palliser is no longer a Cdn company after 80 years. They were manufacturing in Winnipeg & had laid off some workers due to the US Tariffs but have now been sold to a Chinese company. I suspect they will close the plant eventually.
sandy154_4 on
Giant Tiger has quite a bit of non-american products at low cost
Goldinsight on
Someone will fill the void. Who cares?
Former-Animator8553 on
I will.be watching too.
Munzo101 on
Should there be consequences to offshoring work?
Former-Animator8553 on
I read 58 % are not leaving though.
ramdmc on
What I’m wondering is where will they source raw materials when they move south? Doesn’t the US import lumber, steel and aluminium from Canada? I thought the abundant local raw material supply was the competitive advantage manufacturers had making things in Canada. I’m asking in earnest or is this also a misconception from the Canadian perspective.
Hour_Economist8981 on
Before NAFTA, American carmakers produced not one car in a assembly plant but several, all in the same line for the Canadian market. It was profitable for them. Now they produce thousands of of just one vehicle and export 80% to America
afoogli on
Between this and the inevitable collapse of the auto sector in Southern Ontario what industries are still doing well in Canada?
antinumerology on
Predict? Lol. It’s already happening. Luckily I’m a design engineer not production engineer.l otherwise I’d be out of a job.
GoodMorningOttawa on
It’s way past time to tarrif energy and critical mineral exports to the USA.
Even divert CPP investments from US to Canada.
Time to stop being so passive.
gusbusM on
Ita going to be painful, but not the end of the world.
Canada used to be a great nation before NAFTA.
MachineDog90 on
The reality is that companies make choices based on risk assessment and cost to value to return with CUSMA and NAFTA dead,.all three countries and companies within them will.be making choices were to move production.
Vierno on
NATURAL RESOURCES, PRECIOUS METALS, LUMBER, POTASH, PIPELINES, REFINERIES, OIL TANKERS, ALL AT TOP DOLLAR TO EXPORT IS IT THAT FUCKING DIFFICULT TO UNDERSTAND?! You invest in healthcare, education, infrastructure, and natural resources… you have a healthy, educated, wealthy population. But interprovincial trade restrictions and fighting stops all this shit from being a reality in this country. We’re beyond political party lines at this point with global economic and safety uncertainties. I love our country and planet as much as anyone, but you gotta understand we’re not going to have a country to have and care for anymore if we don’t start selling the only thing we have absolute demand for… natural resources.
D3vils_Adv0cate on
“No longer wait and see”… “predictions”…
Sounds like BS rage bait
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35 Kommentare
No matter which way you look at it this is not good. We need to keep pushing for more trade partners and investment into economic projects
More boycotting, I suppose. It’s a lot to keep track of, but also important to send a message however small it appears to be.
At least give manufacturing a reason to stay.
I can’t think of any.
Anyone that’s banking on the next Democrat president to remove the tariffs is going to be waiting a long time
Biden kept and even strengthened Trump’s tariffs when he came into power and also introduced new ones and no Democrat is going to risk the fallout from manufacturing leaving the US again under their rule
This is the new reality and it’s evident from how many people in other threads that say we can just wait Trump out that many are living with misguided hope
Well I hope we’re keeping a list of companies that do. And when this is over and the political terrorism ends these companies are held accountable for their actions.
Time to boycott Toyota as well. Spineless cowards
Well certainly those companies who move production to the US better expect Canadians to abandon the products of those companies. l know l’m watching.
While this is ultimately just a CEO poll from KPMG, the consequences of even part of it becoming a reality is devastating.
Canada is in for economic hurt, there’s no doubt about it.
We already had a very big manufacturing exodus.
This isn’t news if you’ve ever followed a public manufacturing company. They’re all in acquisition for US companies to make the leap. It’s a hot MnA market for small US startups.
I unfortunately think the only way out is through. We gotta increase housing to make it affordable again, at 2014 levels and then with that, grow the population aggressively so that the size of the Canadian market becomes too hard to ignore. Canada under Martin / Harper was 9 to 10 times smaller than the US, now under Trudeau / Carney it’s 8 times.
I know a lot of people don’t like the idea, but with the big infrastructure projects creating new jobs and unemployment finally starting to fall again, infrastructure projects opening up across the country and more businesses creating more opportunity, it’s our one shot in the last 20 years to really pull ahead and start getting to a point where we can grow outside of the main metros and start becoming more independent.
Along with that, diversifying trade towards Asia and Europe would help further reduce risk.
It’s time to start pushing guys, Canadian culture and industry
Is there anything not shit in this country. So depressing every day seeing bad news after bad news
People need to stop saying we need to diversify our trade partners as if we can ever replace america in any way shape or form. We need to consider what concessions we are willing to accept and go back to the table or be happy with hundreds of thousands of canadian jobs lost forever.
Pride or economics
This sub is always so down on Canada. Every post is doom and gloom.
So are the same guys moving the manufacturing to the US going to stop whining when we start importing products from overseas? (Looking at the Auto sector)
Yea that’s why we chose German. To bring back EU membership to Canada /s
We getting sucking dry by the US… Djeezus Christ that suck to be this pathetic. The last 30 years of economic governance in Canada was to pretty much set up the weakest foundations to prevent that from happening. We are basically fucked.
I’m scared for the economy that we gonna have in the next few years.
[ Removed by Reddit ]
If these companies leave Canada, then free trade isn’t really in our interest anymore.
If they want to go south, then tarrifs to protect the companies that remain who would be otherwise threatened is probably the move unfortunately.
Unilateral tarrifs aren’t going to help us, and dropping out tarrifs while the US kept theirs is weakness.
I just learned about the sale of a Canadian company while shopping for furniture. Palliser is no longer a Cdn company after 80 years. They were manufacturing in Winnipeg & had laid off some workers due to the US Tariffs but have now been sold to a Chinese company. I suspect they will close the plant eventually.
Giant Tiger has quite a bit of non-american products at low cost
Someone will fill the void. Who cares?
I will.be watching too.
Should there be consequences to offshoring work?
I read 58 % are not leaving though.
What I’m wondering is where will they source raw materials when they move south? Doesn’t the US import lumber, steel and aluminium from Canada? I thought the abundant local raw material supply was the competitive advantage manufacturers had making things in Canada. I’m asking in earnest or is this also a misconception from the Canadian perspective.
Before NAFTA, American carmakers produced not one car in a assembly plant but several, all in the same line for the Canadian market. It was profitable for them. Now they produce thousands of of just one vehicle and export 80% to America
Between this and the inevitable collapse of the auto sector in Southern Ontario what industries are still doing well in Canada?
Predict? Lol. It’s already happening. Luckily I’m a design engineer not production engineer.l otherwise I’d be out of a job.
It’s way past time to tarrif energy and critical mineral exports to the USA.
Even divert CPP investments from US to Canada.
Time to stop being so passive.
Ita going to be painful, but not the end of the world.
Canada used to be a great nation before NAFTA.
The reality is that companies make choices based on risk assessment and cost to value to return with CUSMA and NAFTA dead,.all three countries and companies within them will.be making choices were to move production.
NATURAL RESOURCES, PRECIOUS METALS, LUMBER, POTASH, PIPELINES, REFINERIES, OIL TANKERS, ALL AT TOP DOLLAR TO EXPORT IS IT THAT FUCKING DIFFICULT TO UNDERSTAND?! You invest in healthcare, education, infrastructure, and natural resources… you have a healthy, educated, wealthy population. But interprovincial trade restrictions and fighting stops all this shit from being a reality in this country. We’re beyond political party lines at this point with global economic and safety uncertainties. I love our country and planet as much as anyone, but you gotta understand we’re not going to have a country to have and care for anymore if we don’t start selling the only thing we have absolute demand for… natural resources.
“No longer wait and see”… “predictions”…
Sounds like BS rage bait