us-canada-puzzle

Canadian business owners aren’t the only ones worried about NAFTA negotiations.

Read: Businesses have no plans for NAFTA fail

On Friday, Export Development Canada said nearly one-quarter of Canadian exporters surveyed for the agency said the ongoing NAFTA renegotiation is having a negative impact on their Canadian operations.

The Ottawa-based Crown corporation says its semi-annual survey revealed a significant drop in the number of Canadian exporters planning to export to the U.S. market in the next two years.

Some are contemplating a move of their operation to the U.S. to avoid potential border disruptions, while others are seeking to diversify their operations away from the U.S. market. Some are taking a more cautious approach and delaying decisions.

EDC said companies are paying more attention to the European market, given a new trade agreement between Canada and the European Union.

Also read:

U.S. economists focus on NAFTA risk, not tax cut benefits

How U.S. tax reform threatens Canadian corporates

Originally published on Advisor.ca
Add a comment

Have your say on this topic! Comments are moderated and may be edited or removed by
site admin as per our Comment Policy. Thanks!