A new KPMG Canada survey says trade tensions are affecting some Canadian manufacturers’ investment and production plans. The report, issued Tuesday, finds that 42% of manufacturing companies in Canada say they have already moved production or are considering doing so in the United States, citing pressures linked to ongoing trade disputes. Among the firms that are considering relocation, 77% expect the move to occur within the next three years. The survey also indicates that trade uncertainty is influencing capital spending decisions, with some companies delaying investments as they evaluate where to manufacture products.
The findings reflect broader concerns within Canada’s manufacturing sector about cost, market access, and supply-chain stability under current trade conditions. While the survey suggests a substantial minority of firms are looking at relocating operations, it does not indicate that most manufacturers have done so; rather, it highlights that a significant share is weighing the option as tensions persist.
