A practical risk management guide

The current global landscape is fraught with uncertainties, and Canadian businesses are at a critical juncture where enhancing risk management is no longer optional but essential. Trade tensions, geopolitical conflicts, and economic volatility present significant risks that demand immediate attention and action.

Building resilience across all aspects of the business is imperative. This involves not only addressing immediate risks but also preparing for long-term challenges. Conducting 'what if' scenario analyses, investing in enterprise risk management frameworks, and developing contingency plans will help businesses navigate uncertainties, enable business continuity, and emerge stronger from upcoming disruptions, including U.S. tariffs.

In this practical guide, we offer key considerations and actions for Canadian organizations to bolster their risk management across the enterprise in order to stay agile and resilient in the face of our changing business dynamics and shifting trade tensions.