May 2025 – Semi-Annual RELO

The H1 2025 RELO is unlike any previous edition. Driven by the uncertain international trade environment, we asked Regina business leaders to respond to our usual forward-looking questions in two contexts: Perception had tariffs not been levied; and perception under the current tariff regime. The resulting difference provides a compelling perspective on the impact of tariffs on Regina’s business outlook. In addition, our RELO Special Topic focuses on the broad-ranging impacts of long-term tariffs on business leaders.