Community Futures Peterborough Launches New Toolkit to Support Local Businesses With Advice on Managing Tariff Risks

In response to the ongoing trade challenges posed by United States tariffs, Community Futures Peterborough (CFP) has launched the Tariff Toolkit as a strategic resource to support businesses for the community.

Photo courtesy of CFP.

This is a collaboration with the Business Advisory Centre, the City of Peterborough, the County of Peterborough, the Peterborough Downtown Business Improvement Area (DBIA), and Peterborough + the Kawarthas Chamber of Commerce.

CFP says the evolving trade landscape between Canada and the United States has created uncertainty for local businesses. All aforementioned organizations came together at Market Hall Performing Arts Centre to connect businesses with industry experts who provided initial guidance on minimizing the impact of tariffs on March 4. While the specifics of the tariffs may change, the need for businesses to rethink their approach to trade remains constant according to Devon Girard, CFP executive director.

“We have always been mindful of not only the direct impacts tariffs themselves have on businesses but also tariff speculation and lasting change in consumer buying patterns. Those are the effects our area businesses are feeling right now,” she said.

According to CFP, the Tariff Toolkit is a practical resource that helps businesses assess their current trade strategies and explore new opportunities. It will also offer insights and actionable steps that businesses can work on with their advisors to develop a resilient approach to international trade. It is available to all businesses in the City and County of Peterborough.

“Downtown businesses are navigating an increasingly complex trade environment, and the Tariff Toolkit arrives at a critical time,” said Nour Mazloum, Peterborough Downtown Business Improvement Area executive director. “It equips our businesses with the practical strategies and expert insights they need to adapt, stay competitive, and build long-term resilience. We're proud to support this initiative and ensure our local business community has every opportunity to thrive—no matter the global challenges.”

The Tariff Toolkit offers businesses guidance in key areas, including understanding the financial impact of tariffs, identifying alternative sourcing strategies, expanding customer bases beyond tariff-affected regions, mitigating financial exposure through hedging and risk management, repositioning brand messaging in response to trade shifts, and leveraging local and international partnerships to drive growth.

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