Key Highlights

 Tariff Impact & Economic Outlook

• Tariffs remain the central threat to investment and hiring, creating hesitation in business decisions.
• Q2 and Q3 are expected to be economically soft, with unemployment potentially rising to 7%.
• Optimism exists for Q4 and beyond, especially if trade clarity improves following the U.S. midterms.

 Canada’s Competitive Advantages

• Canada is seen as the "adult in the room"—a safe, stable alternative to U.S. uncertainty.
• Universal health care and high labor quality attract foreign firms reluctant to expand in the U.S.
• Canadian subsidiaries of global companies are now more strategic due to potential trade barriers.

 Waterloo Region’s Growth and Talent

• The Region continues to be one of Canada’s fastest-growing urban areas, attracting young families.
• Canadian labor is praised for education, productivity, and adaptability, especially in automotive.
• Plants like Toyota in Canada weathered crises like the chip shortage better due to smart planning and empowered workforces.

 Megasite Development & Readiness

• The Region has secured land for a future megasite—an essential step in attracting large employers.
• Early preparation ensures the Region is ready when major investment opportunities arise.

 Call to Action

• Tony encouraged Rotarians and community leaders to support economic readiness and long-term planning.
• “We need to be in the game,” he said. “Without land, we’re not even on the field.”