News

Canadian Chamber of Commerce Release Crystal Ball Report

Mississauga, Ontario —  Yesterday, the Canadian Chamber of Commerce released its 2017 Crystal Ball report.  2017: Changing Uncertainty into Opportunity for Canadian Business provides an outlook for businesses in a year likely to have great uncertainty primarily due to the results of the United States Presidential election.

Perrin Beatty, President & CEO of the Canadian Chamber of Commerce (CCC) led a discussion group at the TMX in Toronto to present the report and participate in a live question and answer session led by IPoliticsLive.  The Mississauga Board of Trade (MBOT) is a proud association member of the CCC.

Businesses in all sectors said that they were surprised by the growing anti-trade sentiment worldwide and are concerned about a retreat from globalization in the years ahead. The consensus was that the rise of anti-trade, anti-immigration political parties is a global phenomenon and could be an important risk factor for Canada.

Of particular concern is the new administration in the US of President Donald Trump and his many pronouncements in the election campaign about trade agreements, protectionism and buy American but some hope for North American energy first and natural resource support.

“MBOT welcomes the CCC Crystal Ball report and recommends it to our members,” said David Wojcik, President & CEO, MBOT.  “Mississauga businesses are strong and resilient and most feel optimistic about 2017.  We do need to keep a close eye on actions in the US but also work on opening new business opportunities world-wide.”

To view the entire report, please go to http://www.chamber.ca/media/blog/170124-crystal-ball-report.

Media Contact:  Bahaar Sachdeva

905-273-3523

[email protected]


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