Canadian exporters inquire on trade insurance as Trump's tariffs heighten risk

Growing Demand for Trade Credit Insurance: Canadian exporters are increasingly seeking trade credit insurance to protect against losses from U.S. tariffs, despite historically low adoption rates; inquiries have risen by 10% since January as businesses face rising insolvency risks.

Impact of Tariffs on Canadian Businesses: The uncertainty surrounding U.S. tariffs imposed by President Trump is causing financial strain on Canadian exporters, leading to payment delays and increased bankruptcies, prompting the government to educate businesses about available insurance options.