In the news
Corporations are counting the cost of U.S. tariffs.
American Air believes it no longer has visibility on its earnings outlook and will only offer a forecast once the fogs of economic and trade uncertainty clear up. Delta Airlines and Frontier Airlines’ parent company also pulled their 2025 guidance recently, as the travel sector emerges as among the first to report on the cost of U.S. President Donald Trump’s sweeping trade war with allies and rivals alike.
Similarly, pharmaceutical company Merck & Co. said it expects to lose at least USS$200 million due to U.S. levies, joining several other companies, such as Pepsi, Nokia and Proctor & Gamble, that see their bottom lines coming under pressure.
Canada’s corporate earnings, set to start in soon, will also offer a glimpse on how tariffs are roiling their business plans for the year and beyond, with some analysts expecting negative revisions to dominate the earning calls.
Insights and Analysis
What we’re hearing from governments, learning from clients and seeing in our research.
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$125B Exposed: What’s at risk for Canada as Trump eyes 5 strategic sectors
The U.S.’s focus on onshoring five strategic sectors—autos, steel and aluminum, lumber, pharmaceuticals and semiconductors—poses challenges for Canada.
What Canadian farmers are watching closely
Commodity prices, U.S. farm policy and Trump’s tariffs top the list.
The big chill: How canola farmers are adapting to trade blows
Canola farmers are waiting for the other shoe to drop–possible Chinese tariffs on canola seeds.
Growing pains: Farmers on the tariff frontlines
Monty Reich, CEO of SWT Ltd, discusses how farmers are navigating trade tensions
Commentary
How businesses can adapt in a Donald Trump world
John Stackhouse’s takeaways from the Ditchley Conference, Greentree 2025: Geopolitics and Business.
Five key takeaways from the Columbia Global Energy Summit 2025
Shaz Merwat on the most pressing themes at this year’s Columbia Global Energy Summit.
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Business Resources
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