Canadian Business Execs on Risks in a Borderless Economy

The video discusses the economic impacts of political changes on global business, emphasizing Canada's strong brand. It explores the effects of nationalism and globalization, highlighting the need for strategic long-term business planning. The discussion includes the impact of trade policies, manufacturing trends, and the importance of fair trade agreements. The video concludes with insights into exploring new market opportunities.

What is a key opportunity for Canadian companies according to the discussion?

• Focusing on domestic markets

• Capitalizing on Canada's strong brand

• Avoiding international trade

• Investing in outdated technologies

What is a major concern related to globalization mentioned in the transcript?

• The rise of small businesses

• The divide between the wealthy and the poor

• The decline of technology

• The increase in local trade

What should businesses consider when entering new markets?

• The current political landscape

• The popularity of local cuisine

• The number of local festivals

• The climate conditions

What is a potential impact of Trump's policies on manufacturing?

• Increased focus on high-tech jobs

• An increase in service sector jobs

• A decrease in manufacturing jobs

• A return to traditional manufacturing jobs

What is a suggested strategy for Canadian businesses to remain competitive?

• Avoiding international competition

• Focusing solely on local markets

• Developing strong industrial policies

• Relying on raw material exports

What is a potential benefit of a fair trade deal between Europe and North America?

• A level playing field

• A smaller market

• Higher wages in Europe

• Increased tariffs

What is a challenge for Canada in the global market according to the discussion?

• Having too many natural resources

• Moving slowly and not capitalizing on opportunities

• Being overly aggressive in trade

• Being too large to adapt quickly