The Globe and Mail reports in its Friday edition that Donald Trump's threat to impose tariffs on Canadian imports poses huge risk to the country's economy. The Globe's Mark Rendell writes, however, that such threats also provide an opportunity to address structural problems that hold back economic growth, and to double-down on sectors in which Canadian companies can thrive in an increasingly protectionist world. That is according to the chief economists at five of Canada's largest banks, who delivered their 2025 outlooks at an Economic Club of Canada event in Toronto on Thursday. TD Bank chief economist Beata Caranci said Canada should start by improving the competitiveness of its corporate tax structure, to keep pulling investment into the country. Policy-makers also need to do more to accelerate the development of natural resources, especially critical minerals, she said. That would give Canada products that are in high demand in the United States as it tries to wean itself off Chinese battery supply chains. And it would help build out an industrial base that is less susceptible to U.S. attempts to reshore manufacturing industries, adding there is nothing to stop the U.S. from building a car "from beginning to end."