In response to the US going off the rails, I’m seeing lots of push to buy Canadian products as much as possible and I love it.
But it’s never that simple, is it?
Easiest case: You can buy leather bags and wallets from Adrian Klis. These are made in Canada, by a Canadian company, from Canadian materials (Buffalo hide leather).
Unfortunately, neither manufacturing or ownership are that straightforward most of the time.
I’m not suggesting for a second we throw our hands up in the air and give up, but I’d like to see a bit more clarity on all of the “Buy Canadian” lists.
None of this is going to be as easy as “buy the thing with a maple leaf” but we need to be more aware of how we’re supporting the US or other economies, either deliberately or inadvertently.
What’s going on Canada?
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I’m not Canadian but I greatly support these measures, so if I may I’d like to weigh in.
I think that manufacturing country and ultimate ownership are probably the biggest key factors, as they dictate most where the lion’s share of money flows in a consumer economy. For example, if there’s American investment/VC/private equity for a company but it’s like 10%, it’s not great but definitely not as bad as a completely international company with locations in Canada.
If you want to get super fine-gained, you can even dig into whether a company outsources a significant portion of its auxiliary labor (e.g. digital infrastructure, customer support, shipping) to international firms, as that can make a difference as well.
Component sourcing is also important but there are a lot of cases where domestic isn’t as feasible due to global supply chain reasons. That’s one that’s going to be much more industry specific. Like, if you’re buying furniture and the wood comes from abroad when there’s a robust domestic timber industry in your country, I think that should be a red flag.
Coming to a final determination on any company is going to be one of those things that exists on a sliding scale and probably would benefit from some sort of scoring effort. Either way, my verdict is that any measure that boycotts the US is worth the effort if it’s done by enough people. Even a few loonies per person spent on local vs international over a broad enough group will make a noticeable impact.