The vast majority of Canadian agri-businesses (88%) say Canada should strengthen trade ties with other countries besides China and the U.S. due to rising trade tensions, according to new data released Wednesday by the Canadian Federation of Independent Business (CFIB).
China’s retaliatory tariffs on Canadian agricultural and seafood products are affecting about a third (36%) of Canadian agricultural businesses, with nearly one in four (23%) taking a direct hit, said the CFIB.
Juliette Nicolaÿ
“While the focus has been on the U.S. tariff battle, Canadian agri-businesses have been even more deeply harmed by China’s tariffs on canola oil, canola meal and peas, as well as certain pork, fish and seafood products. These producers need greater attention and support,” said Juliette Nicolaÿ, bilingual policy analyst at CFIB. “While about one in four agri-businesses have taken steps to mitigate tariff impacts, only 10% of agri-businesses say that governments have done enough to support affected firms.”
CFIB is calling on government to take urgent action to push back against this unfair treatment and has sent a letter to the federal government, urging it to reduce the tax and regulatory burden on agri-business, ensure support programs properly address the scope of the current challenges and assist agri-businesses in navigating new markets.
Jasmin Guénette
“Both the U.S. and China represent significant markets for agri-businesses. Combined, these two countries represent more than half of Canada’s canola exports. China is Canada’s second largest fish and seafood export market. As a result of the trade disruptions, our agri-businesses risk having unsold inventory and some are already losing foreign buyers. They need clarity on how to move forward and plan their operations,” said Jasmin Guénette, CFIB’s Vice-President of National Affairs. “The government needs to turn its focus to supporting the agriculture industry and adopting policies to improve the business climate for Canada’s SMEs.”
The CFIB is Canada’s largest association of small and medium-sized businesses with 100,000 members across every industry and region.
Mario Toneguzzi
Mario Toneguzzi is Managing Editor of Canada’s Entrepreneur. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 and 2024 as one of the top business journalists in the world by PR News. He was also named by RETHINK to its global list of Top Retail Experts 2024 and 2025.
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