To mark the 60^th anniversary of the Canadian flag, we are reflecting on the many things that make Canada the best place in the world, including:  

• Our warm and welcoming communities; 

• Our confident can-do spirit; 

• Our innovative entrepreneurs and companies; 

• Our rich resources that enable us to feed and fuel the world. 

This year more than ever we encourage everyone to join together to celebrate our flag and our country. 

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Regardless of what happens next, it is clear that Canada needs to act with urgency to improve our long-term economic prospects, as we outlined on Saturday. 

The good news is Canadians are coming together and starting to focus on improving the many things within our control. 

Now is the time for action. 

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• First, this is a wakeup call for our country. For too long, successive governments have been complacent around strengthening Canada’s long term economic growth and productivity. Now we must act with urgency. There is much within our own control including embracing an innovation economy, ensuring an internationally competitive tax regime, reducing the regulatory burden on job-creators, and eliminating the internal trade barriers that create tariffs within our own federation. 

• Second, it is in Canada’s best interests to have a strong and secure border and to invest in our nation’s defence. Government representatives must continue to demonstrate the tangible action we are taking to maintain and enhance the security of our shared border. 

• Finally, when considering retaliatory measures, our political leaders must use caution. Our goal should be to impose the least amount of economic harm on Canadians. Over time, widespread retaliatory tariffs would amount to permanent higher taxes on every Canadian. 

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His legacy will include renegotiating the North American Free Trade Agreement, helping reduce poverty through the Canada Child Benefit, and working with business leaders during the pandemic to ensure the safety of Canadians while protecting the economy.  

It is unfortunate, however, that the relationship between the federal government and the private sector was often at odds, especially around the need for fiscal responsibility and policies that enable long-term economic growth, including embracing our energy abundance. We view this as a lost opportunity to strengthen the country for future generations. 

Canada has much going for it, but we can’t take it for granted. Now more than ever, we must work together in a spirit of collaboration to help our country succeed.

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Canadians have a right to know the country’s fiscal picture, and businesses need the facts. How has the government spent taxpayers’ money? How large is the deficit? A lack of transparency erodes confidence and delays investment decisions. 

Canada needs stable and credible leadership that recognizes the seriousness of the moment. The country is facing significant economic headwinds over the coming weeks, including looming U.S. tariffs and pressure to invest more in the border and defence. We must put the national interest above all else and ensure the country is operating from a position of strength, not weakness. 

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Canada, as America’s closest ally, must rise to the occasion – not simply as a partner but as a leader in shaping our shared future. Together, we can forge an economic partnership that is more integrated, secure, and prosperous, where our success lifts the wages and living standards of Americans and Canadians alike. 

This is our moment to act. Canada must not only honour its commitments to defence, but demonstrate its steadfast reliability as a top-tier trade and investment partner, especially in the critical minerals and energy sectors.  

By working hand in hand with our American counterparts, we can enhance energy security, drive economic growth, boost shared prosperity, and establish ourselves as the global standard for innovation and economic cooperation. 

Canada’s business leaders have long championed deeper partnerships between public and private sectors in these essential areas. Now, we amplify that call with renewed urgency. We can, and will, create conditions for a competitive, productive, and resilient continental economy – one that harnesses Canada’s unique strengths and brings lasting prosperity to our citizens.  

This is Canada’s opportunity to lead and build a stronger future.

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Today’s announcement ahead of the U.S. presidential election also sends the wrong signal to our most important trading partner that looks to Canada as a secure and reliable source of energy. A de facto cap on oil and gas production would restrict cross-border energy trade and harm our shared economic and security interests.

Finally, a cap on the energy sector will make Canada’s climate policy landscape even more incoherent and uncompetitive, which will leave the country with an expensive piecemeal approach to reducing emissions.

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As the CEO of the U.S. Chamber of Commerce for nearly a quarter century, Tom Donohue changed the way the private and public sectors work together to benefit workers and all Americans.

He was also a dear friend of Canada who had a deep and positive impact on our trading relationship and building a more prosperous North America.  

On behalf of the members of the Business Council of Canada, we offer our deepest condolences to his friends and family.

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OTTAWA, ON — “The Canadian Chamber of Commerce, U.S. Chamber of Commerce, and Business Council of Canada are calling on the Government of Canada to intervene to prevent a work stoppage that would significantly impact air travel between our two countries, as well as the import and export of goods through Air Canada’s cargo network. Every year, millions of Canadians and Americans travel back and forth by air, as do critical, time sensitive goods. The Government of Canada must take swift action to avoid another labour disruption that negatively impacts cross-border travel and trade, a damaging outcome for both people and businesses.”

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