Facing the tariffs together – Our commitment

Dear clients,

Over the past several days, many clients, partners and business leaders have reached out to discuss the latest developments in the trade relationship between Canada and the United States.

Beyond the uncertainty created by the latest announcements, one message has come through clearly: Canada cannot afford to view these developments as a temporary disruption.

Canada is building a strong foundation for long-term growth, competitiveness, and resiliency.

Accelerating major projects, increasing private investment, removing interprovincial barriers to growth and creating the conditions for Canadian businesses to scale, innovate and compete globally should be our focus.

Canada possesses extraordinary natural resources, a highly educated workforce, world-class energy sector, natural resources, innovative entrepreneurs, and a financial system recognized globally for its strength and stability. Few countries have these advantages.

More importantly, Canadian businesses need the confidence to invest, expand and plan for the future. They need an environment that encourages investment, rewards innovation and enables them to compete successfully at home and abroad.

The question is no longer how we respond to the latest tariff announcement. The question is whether we will use this moment to create the conditions that allow our businesses to grow, our entrepreneurs to innovate and our economy to reach its full potential over the next decade.

Canada has the fiscal capacity and international credibility to support businesses and workers. The two most important things our businesses need right now: fiscal competitiveness and the removal of barriers on labour mobility.

At National Bank, we remain fully committed to helping our clients navigate uncertainty and move forward with confidence. We are working closely with businesses, entrepreneurs and investors across the country to help them manage risks, identify opportunities, finance their ambitions and continue investing in their growth.

We will continue to be a trusted partner for our clients every step of the way.