b'PRESIDENTS MESSAGEdisruptor in over a century. But he cant control the stock market, and voter confidence in the U.S. president is diminishing. The good news is that with crisis comes change. Winston Churchill said, Never let a good crisis go to waste, and the current trade war may be just what we needed to force change. The economic slowdown was inevitable, but compounded by the impact of tariffs, trade-sensitive industries including exporters, building product manufacturers and energy providers among others will see volume reductions, which will impact labour markets and ultimately diminish consumer confidence. These ER impacts are the hallmarks of uncertainty. E CT At an absolute minimum, Canada will diversify and AWARD WINNING BUILDING REVITALIZATIONF IO broaden its trading partners to reduce risk and R N trade war vulnerability. That is a good thing. Perhaps OO WATERWORKS the provinces will also wake up to the fact that inter-FC provincial trade restrictions reduce our economic M ANAD output as a country. This is low-hanging fruit, and the trade war may be the catalyst we need to get I A Sgovernment policy to evolve. As employers, we also M LAR need to manage our way through these uncertain A GESTBRINGING VISIONtimes, and Economic Development Canada (EDC) G I SUG has some pretty sound advice that I want to share N ARR because it resonated with me.TO LIFEA EFIN 1.Improve your productivity. Businesses thatT ERY , I HA have high productivity are more resilient to O MIL ON, ONTN T increased costs. TO ARIOR 2.De-risk international activities. Diversify yourEA IL TY markets and suppliers to reduce dependency on any single market or supplier. This will help mitigate risks associated with geopolitical tensions and trade issues.FABRICATION OF COMPLEX 3.Enhance your financial resilience. Strengthen ERE your financial position by securing access to F CT STEEL STRUCTURES credit and other financial resources. This will R IO AWARD WINNING BUILDING REVITALIZATIONO N O WATERWORKS provide a buffer against economic uncertainty F CMI ANADAS L and position you to invest in growth opportunities.M A ARGEST BRINGING VISION suggestions appear targeted at big business. They Most TCA members are small, and the EDC GINASUGARREFINE TO LIFE arent. The message is simple: Focus on anything TIONRY , HAMILTON, ONT that improves productivity, mitigate client and TO REALITY ARIO supplier risk, and dont underestimate the cost of survival. Rainy day funds matter most when it rains, FABRICATION OF COMPLEXand Hurricane Trump is just beginning.STEEL STRUCTURES In the meantime, we will do our very best to keep 72 Commercial Rd. Bolton, Ontario you informed.L7E 1K4 Canada Respectfully, 72 Commercial Rd. Bolton, OntarioL7E 1K4 CanadaJohn Mollenhauer TCA President & CEO8Quarter 12025 BUILDERSDIGEST'