67% of Canadian Businesses Can Survive Trade War Lasting More Than 1 Year: Survey

67% of Canadian Businesses Can Survive Trade War Lasting More Than 1 Year: Survey
A shipping container is unloaded at the Port of Montreal, in Quebec, on May 17, 2021. Reuters/Christinne Muschi
Matthew Horwood
Updated:
0:00

More than two-thirds of Canadian businesses say they can survive a trade war with the United States that lasts longer than one year, according to a new survey of business owners.

While 67 percent of the business leaders surveyed by KPMG said they could withstand a 12-month trade conflict, 30 percent said they would also face “significant profit losses” if the tariff war lasted longer than that and 3 percent said their companies would go out of business in this scenario.