Planning for 2025: What’s on Your List?
As we enter the holiday season, we’re all making lists—gifts for loved ones, goals for the New Year, and for businesses like yours or your clients, strategies to navigate an unpredictable economy. Santa may have his sleigh, but Canadian businesses face a sleigh-full of challenges heading into 2025.
2024 in Review: Lessons for the Future
This year brought unprecedented global elections, shifting markets, and geopolitical events that demand our attention. The return of Donald J. Trump as U.S. President-elect introduces new uncertainties, particularly his proposed 25% tariff on Canadian goods, a policy that could cost Canada’s economy $30 billion annually.
Leaders warn that this tariff will hurt both sides of the border. For Canadian businesses, the impact could range from increased operational costs to disrupted supply chains. As you plan for the year ahead, these possibilities should shape your 2025 strategy.
Business Planning with Santa’s Precision
Santa checks his list twice—and so should you. As you finalize your 2025 plans:
- Evaluate Supply Chains: Will tariffs increase costs? Consider local suppliers or diversified sourcing to mitigate risks. Are there other supply issues you need to be preparing for?
- Adapt Pricing Strategies: Build flexibility into your pricing to offset potential increases from tariffs or inflation.
Strengthen Resilience: Take stock of your financial health. Capitally’s funding solutions can provide the working capital you need to adapt and thrive. Watch for a spotlight on our new Supply Chain Finance solution next month – it’s a great way to have additional working capital ready to go when needed.
Your Next Steps: Stay Ahead in 2025
With more economic and political uncertainty on the horizon, smart businesses are preparing for volatility. Consider how external factors, like tariffs or global market shifts, could impact your industry.
At Capitally, we’re here to help you stay resilient and grow, even in the face of uncertainty. Whether you or your clients need funding to bridge cash flow gaps or to expand operations, we have solutions to help.
We’re Your Financial Ally. Let’s tackle your 2025 goals together.
