Understanding NAFTA & the global middle market
On February 21, 2018, RSM Chief Economist Joe Brusuelas joined a Toronto audience for an open forum on NAFTA's economic impact.
With more than $1 trillion in cross-border trade and over 12.5 million jobs across three economies, Canadian businesses are rightfully asking themselves what NAFTA means to them.
According to Joe, middle market dominated industries such as motor vehicles and parts, agriculture, computer products, plastics and the mining and oil and gas sectors have the most exposure if NAFTA talks break down.
In light of the current NAFTA climate, Joe suggested middle market businesses exercise caution on large capital expenditures. Other steps middle market businesses can take to mitigate risks associated with a possible NAFTA exit include: forming strategic plans, diversifying trade and investment, and identifying alternative sources for inputs.
For more insights, listen to Joe's presentation below, and download the slide deck:
About our speaker
Joe Brusuelas, RSM chief economist
Joe Brusuelas has over 20 years of experience in finance and economics, providing a macroeconomic perspective to help clients anticipate and address the unique issues and challenges facing their businesses and the industries in which they operate. He also produces monthly economic reports for the middle market and for key industries within that market. Prior to joining RSM in July 2014, Brusuelas spent four years as a senior economist at Bloomberg, LP. As co-founder of the award winning Bloomberg Economic Brief, Brusuelas was named as one of the 26 economists to follow by the Huffington Post.