With the ongoing Russia-Ukraine war, conflict in the Middle East and the recent attacks on shipping lanes disrupting maritime trade—all upending the fragile economic recovery from the pandemic—Canadian exporters have endured many challenges in recent years.
Negative supply chain shocks, like these, threaten the progress made towards lower inflation rates, which have been hard won through unprecedented monetary tightening in Canada and across the globe. Beyond the conflicts, there’s also been a rise in geopolitical disruptions, restrictive trade policies, and strained trade relations.
With more than half of the world’s population expected to vote in 2024, this year has the potential for massive upheaval—not just in the short term, but for medium- and long-term trade patterns in the decades to come. Energy security, climate co-operation, as well as strategic competition, will provide many challenges, alongside opportunities, to trade and accessing new global markets.
EDC’s Country Risk Quarterly is an interactive tool that offers timely information about 50 countries, including fluctuations in the stock market, exchange rates and bond spreads. These insights will enable you to stay on top of country risk and make better decisions in 2024.
