MEDIA: On G7 Watch

Great to be on Summit watch again, this time, for the G7 in Biarritz, France.  Thanks to my media work and inclusion in the Informed Opinions Expert Women Database, I have been on hand to provide media commentary to discuss this important global summit.

It was my pleasure to join CTV News Channel TV on a sunny Saturday morning to chat about G7 expectations and priorities for Canadian Prime Minister Justin Trudeau.  Although some have indicated that they view summits such as the G7 to not be of particular importance, our increasingly fragmented world needs these opportunities to connect on key issues, find common ground, and identify areas of collaboration.  Here’s just a few areas where strategies and action are needed:

  • The global economy, amid slowdown and recession concerns
  • Trade and related partnerships, including addressing tariffs and disputes
  • Relations and issues between the US, China, and others
  • Climate change and environmental issues, amid the Amazon fires and continued sea ice melting
  • Areas of conflict, including tensions with (and within) Hong Kong, China, Russia, North Korea, the Middle East, and Venezuela
  • Gender parity and diversity, an issue that impacts at least half of the world’s population

There are many more areas of concern to our world, requiring leadership with a range of skills and disciplines.  Summits like the G7 are really what a leader makes of it, recognizing that it is their responsibility to be stewards of not only of their role and country, but also of our planet.  I believe that addressing issues of global importance is something that citizens of the world have the right to reasonably expect from the leaders of their countries, remembering that people have the power to choose who holds these roles in many cases.

Closer to home, key issues of concern for Prime Minister Trudeau include trade considerations (with the US, China, and the UK, in particular), strategies to resolve China-specific conflicts, and demonstrating progress in advance of the Federal election; these are not easily achieved in what has become a world where resolution is difficult.  Regardless, a steady and rational path could set the stage for cooperation and strength in numbers for those who are willing to listen.  Remember also that 2020 will be an important year for the US; could the G7 be setting its sights on the likelihood of a more receptive participant being in the Oval Office in January, 2021?

Looking forward to my next Media Watch; it might be just around the corner, stay tuned!

MEDIA: CBC News Network Weekend Business Panel (June, 2018)

The fun aspects of live TV were evident on a very busy news morning this past Saturday for the CBC News Network Weekend Business Panel.  Our segment was delayed while we watched the Trump press conference on the monitor in studio as he left the G7 Summit.  Although he arrived late and left early, Trump’s presence at the G7 did little to generate progress; rather, the outcome could best be described as uniting the other six countries against the US, as a result of the difficult stance they’ve been taking on a number of issues.

As someone who watches a lot of US political news, Trump’s remarks (and subsequent tweets) are more of the same, including blaming Prime Minister Justin Trudeau for being “very dishonest and weak”.  In a previous tweet, Trump indicated that Trudeau’s “false statements” resulted in his decision to not endorse the G7 communique, an obvious snub to longstanding US allies.  Although attacking Canada might not be the norm, finding a “villain” and taking shots from afar are typical Trump behaviors.  My guess: he’s annoyed that the G7 countries didn’t go along with his demands and had the wherewithal (i.e., “nerve”) to fight back against the recent US tariffs and request exemptions.  In the absence of achieving any success on this front, it’s game on.

This situation represents an uncertain time for companies globally, many of which rely on a range of partners to operate, be it suppliers, distributors, and financiers.  Business (and markets) do not like uncertainty, as it can represent risk for companies, and as Trump continues making unforced errors, problems that do not need to happen appear in abundance.  As Prime Minister Trudeau continues to support Canadian interests, opportunities for companies in Canada are evident, as businesses globally continue to consider the implications of uncertainty associated with US partners.

Canada is home to many companies that have the ability to rise to meet international challenges, however, they should do so only after completing the necessary research and putting the right systems, processes, and strategies in place.  Growth has a way of requiring capital, and companies shouldn’t approach opportunities before fully understanding the neecessary funding and ensuring that it is in place.  Sound like a lot to do?  Advisors can help.

See you next time, CBC!