The global risk landscape features an ever-growing list of paradigmatic shifts—from political economy and geopolitics to trade, financial markets, the environment and technology—which will entail both costs and opportunities for years to come.
Canadian exporters are making critical investment decisions within an increasingly complex global risk environment. In a year where half of the world went to the polls in national elections—including top Canadian trading partners, like the European Union, United States and United Kingdom—Export Development Canada’s country risk ratings have seen unusual volatility, particularly among the most fragile markets.
Escalating geopolitical tensions—with the ongoing Russia-Ukraine war and conflict in the Middle East—and the rise in nationalism and restrictive trade policies have emerged as top-of-mind concerns—fuelling fears that tit-for-tat retaliations may reignite dormant trade disputes.
EDC Economics highlights that Canada’s underlying resilience should mitigate tail risk scenarios and prevent a further downward risk spiral, but government efforts will be restrained by weakened public finances, due to elevated debt and interest rates.
EDC’s Country Risk Quarterly is an interactive tool offering historical data and trends on Canada’s Top 75 trading partners, including fluctuations in economic indicators, including gross domestic product (GDP), population, employment rates, Canadian exports, investments, inflation and more. The data and insights from our country risk experts, will help exporters stay on top of market opportunities and make informed business decisions.
