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CAE monitoring but not expecting near- or long-term changes from U.S. election
MONTREAL — The head of flight simulator maker CAE Inc. is closely watching the U.S. following its recent election but isn't immediately worried that the country's incoming president will shake things up too much for his business.
Marc Parent says he will continue to monitor the situation evolving in the U.S., where president-elect Donald Trump has threatened to impose tariffs on imports.
Trump has said the tariffs could amount to 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.
Despite the threat, Parent says he doesn't foresee any changes in either the near or long term that would impact Montreal-based CAE.
He says his business has a strong presence in the U.S., where CAE has been involved in training 43,000 members of the country's military air crew.
The U.S. is CAE's largest market with half of its employees located there.
This report by The Canadian Press was first published Nov. 13, 2024.
Companies in this story: (TSX:CAE)
