1450 ET - Canadian businesses may be hesitant to look to alternative markets as demand falters in the U.S. under the weight of tariffs, but they can compete in markets around the world, the head of Allianz Trade's operations in Canada says. David Dienesch tells The WSJ that Canadian firms have competed successfully in the U.S. marketplace. "We can compete elsewhere, too." Dienesch said Canadians have access to over 50 countries via free trade agreements in Europe and Asia, and the country has abundant natural resources, one of the world's biggest economies and a solid industrial base. The first step would be to reach out to industry export associations and financial associations. They also should look locally for alternative supply-chain inputs, and seek ways to limit to foreign exchange risk. (robb.stewart@wsj.com; @RobbMStewart)
(END) Dow Jones Newswires
March 04, 2025 14:50 ET (19:50 GMT)
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