"Canadian companies of all sizes are increasingly finding themselves in the crosshairs of strategic threat actors seeking to advance their national interests in ways that can, and do, undermine Canada's national and economic security," said the report.
"It's important for Canadians to recognize that all sectors of the Canadian economy are the subject of attacks from state-sponsored actors," said Trevor Neiman, vice-president of policy at the Business Council of Canada. The report suggests the debate over foreign interference, which has been raging for months, needs to be expanded beyond its current political context.
Director of the Canadian Security Intelligence Service David Vigneault appears before a parliamentary committee in Ottawa on Monday, Feb. 6, 2023. On a more strategic level, the council said Canada needs to reinvigorate its security partnerships to counter weaponized supply chains. It's calling for something it describes as a "NATO for trade," which would see allies come to each other's assistance to collectively deter and counter economic coercion.
NATO Secretary General Jens Stoltenberg and Prime Minister Justin Trudeau speak with military members in Cambridge Bay, Nunavut on Thursday, August 25, 2022. The Business Council of Canada says Trudeau's government needs to boost defence spending to restore Canada's credibility as an ally.
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