Ottawa, ON (January 15, 2025) — Canada and america stand at a crossroads of their commerce and financial partnership, with tariffs rising as essentially the most urgent problem for companies on either side of the border. To clearly map out the very important significance of these relationships and the dangers they face, the Canadian Chamber of Commerce’s Enterprise Information Lab has launched the Canada-U.S. CommerceTracker—a brand new interactive device designed for instance the ties between our two economies.
With a new U.S. administration touting a ‘nice, lovely golden age for enterprise’, the rise of protectionist rhetoric threatens to derail that imaginative and prescient. The Canada-U.S. Commerce Tracker delivers real-time knowledge and actionable insights, equipping companies and policymakers with an data hub to defend and strengthen North America’s most vital commerce partnership.
“The stakes couldn’t be greater,” stated Candace Laing, President and CEO of the Canadian Chamber of Commerce. “Tariffs and commerce limitations jeopardize jobs, industries, and households throughout each sides of the border. The Canada-U.S. Commerce Tracker offers us the instruments to push again with info, exhibiting simply how a lot all of us stand to lose when imposing taxes on prosperity.”
The Stakes in Numbers
Each day, $3.6 billion in items crosses the Canada-U.S. border, fueling a $1.3 trillion annual commerce relationship. This partnership helps:
- 1.4 million American jobs tied to Canadian exports.
- 2.3 million Canadian jobs tied to U.S. exports.
- 50% of bilateral items commerce between associated firms, underscoring the depth of integration between our economies.
With Canada as the #1 export market for 34 U.S. states, cross-border commerce sustains hundreds of thousands of jobs, companies, and communities throughout North America.
The Stakes for Folks
A 25% tariff may shrink Canada’s GDP by 2.6%, costing Canadian households a mean of $1,900 yearly. For the U.S., this would imply a 1.6% GDP drop, with households shedding $1,300 per 12 months. Past the financial affect, tariffs would disrupt industries like automotive, agriculture, and vitality, making all the things from groceries to vehicles dearer.
“Commerce isn’t simply about {dollars} —it’s about individuals,” Laing added. “Whereas governments may disagree, the ties between our companies, employees, and communities are too vital to be collateral harm in political disputes. The tracker helps us deal with what’s at stake and what must be constructed on.”
The Canada-U.S. Commerce Tracker delivers real-time insights into commerce flows, business traits, and data- backed evaluation, serving to companies and policymakers navigate the uncertainty posed by tariffs and different limitations with readability and confidence—so we are able to safeguard North America’s most profitable commerce relationship for the advantage of all.
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About the Canadian Chamber of Commerce — The Future of Enterprise Success
The Canadian Chamber of Commerce is Canada’s largest and most activated enterprise community — representing over 400 chambers of commerce and boards of commerce and extra than 200,000 enterprise of all sizes, from all sectors of the financial system and from each a part of the nation — to create the situations for our collective success. The Canadian Chamber of Commerce is the undisputed champion and catalyst for the way forward for enterprise success. From working with authorities on economy-friendly coverage to offering providers that inform commerce and allow commerce, we give every of our members extra of what they want to succeed: perception into markets, rivals and traits, affect over the choices and insurance policies that drive enterprise success and affect on enterprise and financial efficiency.
