EDC monitors the impacts of global events on Canada and our exporters.
Geopolitical tensions have emerged as a destabilizing force for Canadian exporters when navigating emerging markets. The unprecedented volatility fuelled by the Russian war in Ukraine, the Israel-Hamas war, United States-China fragile relations and the lingering effects of the pandemic are having a greater impact on business than what we’ve seen in years.
These risks and global economic downturns have led to slower growth and higher borrowing costs. With sovereign debt levels on the rise, climate risks and an increase in cyberattacks, the world is in a precarious situation.
This new era of conflict and wars is having a ripple effect around the globe. After more than 600 days of fighting, the war in Ukraine shows no sign of easing. Some emerging markets are unwilling to choose sides and continue to trade with Russia and the West, but now risk western sanctions. The Azerbaijan-Armenia conflict of 2020 flared up again at the end of the summer and clashes continue, while tensions are heating up between China and its neighbours in the South China Sea.
Canadian exporters need to understand these and other risks, due to their complexities and potential impacts. There remain plenty of opportunities to engage in trade around the world, but you have to know where to look.
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 enable you to stay on top of country risk and make better business decisions.
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