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12 hours agoI think the point they’re making is that the majority of the money they make in Canada, they spend in Canada. They pay Canadian taxes and Canadian staff, using Canadian banks, etc.
Just because their headquarters are in the US doesn’t necessarily mean they’re sending vast sums of money across the border, that would be expensive. The American-based company makes money, but not necessarily in America, they’re multi-national and their money is kept all over the world.
As opposed to a company that exports their products, in which case the money is paid to the American company in America with American staff etc.
I don’t have any numbers or sources to back this up though. Just outlining what I think the other commenter was implying.
They absolutely would benefit.
Mr. Hypothetical lord high executive oligarch can take his private jet to Canada and lounge around on the company card with the money from his US company’s car sales, or find an excuse to convert some of it to USD for some reason, or use it to buy up more Canadian companies to expand their power, or a million other things.
However, I think the point of the boycott is more about making the tariffs hurt the US economy by messing with their ability to export as well as import. Making the trade numbers look bad is likely to put more pressure on the US to end the trade war. It’s not so much about hurting the capitalists that operate in Canada (a worthy goal in itself but not what people are specifically trying to do in this instance since it won’t really affect those trade numbers).