Recent U.S. tariffs and the threat of additional retaliatory and import tariffs on Canadian goods have created significant economic uncertainty for Alberta businesses. ATB is committed to helping you navigate these challenging times with practical advice and clear strategies you can apply right away.

How Your Business Can Adapt

Diversify Your Supply Chain

Building resilience starts by diversifying your suppliers. Explore sourcing materials from alternative Canadian suppliers or international markets with favourable trade agreements. This reduces your tariff exposure and boosts your operational resilience.

Expand Locally and Across Canada

Enhance your presence within Alberta and across Canada. Emphasizing your products as proudly “Made in Alberta” or “Canadian-made” resonates deeply with consumers eager to support local businesses, especially during trade uncertainty.

Optimize Costs and Operations

Review your operations to identify savings and improve efficiency. To do this, consider streamlining your inventory management to reduce holding costs, attempt to negotiate better terms and invest in energy-efficient practices or value-added domestic manufacturing to offset tariff costs whenever possible.

Pursue New International Markets

Actively explore international markets beyond the U.S., such as Europe, Asia-Pacific, or Latin America. Leverage government-supported trade missions and Export Development Canada’s resources to help diversify your exports.

Support Programs Accessible Through ATB

EDC Trade Impact Programs

Export Development Canada’s (EDC) Trade Impact Programs will provide $5 billion in support over two years to assist Canadian exporters impacted by U.S. tariffs. The program includes:

• Trade Credit Insurance: Protects against non-payment risks from international buyers.
• Foreign Exchange Guarantees: Covers risks from foreign currency fluctuations, ensuring predictable revenue and safeguarding profits.
• Working Capital Loans and Guarantees: Provides essential funds to cover daily operational costs, manage cash flow disruptions, and maintain business continuity.
• Financing for Market Expansion: Enables businesses to invest in global market exploration, diversification, and new market entry strategies.

Learn more about the EDC Trade Impact Program.

Advance Payments Program (APP) Extension

The government extended the Advance Payments Program, allowing farmers to access interest-free cash advances of up to $250,000 to assist with immediate operational costs during trade uncertainty.

Learn more about the APP Program.

We’re here for you

The complexity that our current ever-evolving economic landscape is adding to running a business is daunting. At ATB, we’re committed to supporting your business through customized solutions and differentiated expertise tailored to the unique needs of Alberta businesses.