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Events

Apr 28 2026

TABE – Geopolitics Series – Geopolitical risks and their impact on the Canadian and Global Economy

Geopolitical tensions, shifting trade policies, rising fiscal pressures and military activities in Venezuela and Iran are reshaping the global economic and political landscape and creating new challenges for policymakers, investors, and corporate leaders.

In this roundtable discussion, Joshua Grundleger, Director in the Sovereigns group at Fitch Ratings, will share insights from Fitch’s recent global economic and sovereign credit research. Drawing on Fitch’s latest outlooks, the discussion will explore how escalating military and trade tensions, evolving geopolitical rivalries, and persistent policy uncertainty are influencing global growth, inflation dynamics, and sovereign credit profiles.

Recent Fitch analysis highlights that heightened tariff activity and geopolitical fragmentation could dampen global growth, weigh on investment, and complicate monetary policy decisions across major economies.

The session will also examine the implications for Canada. While Canada maintains a strong credit profile, rising deficits, higher public debt levels, and slower economic growth present longer-term challenges for fiscal sustainability and credit resilience.

Participants will discuss how geopolitical developments — from trade conflicts and shifting alliances to the upcoming review of North American trade arrangements — may affect Canada’s economic outlook, financial markets, and sovereign risk assessments.

The roundtable will also consider how governments and businesses can navigate an environment characterized by slower growth, heightened uncertainty, and evolving global economic relationships.

This interactive discussion will provide participants with an opportunity to engage directly with Fitch’s sovereign credit perspectives and gain a deeper understanding of the key geopolitical forces shaping the Canadian and global economic outlook.

The agenda for the event is:
4:00-4:30 – Networking
4:30-5:30 – Roundtable Discussion
5:30-6:00 – More networking

This session is part of TABE’s “Middle Power, Major Stakes: Canada in the Era of Geopolitics and Global Rivalry” series.

This session (and series) is being organized by Alex Ciappara, a TABE Board member.


Joshua Grundleger Headshot Joshua Grundleger Director in Fitch Ratings’ Sovereigns Americas group

Joshua Grundleger is a Director in Fitch Ratings’ Sovereigns Americas group, based in New York. He is the primary analyst covering Canada and an array of Caribbean countries, and is the secondary analyst for the United States.

Prior to Fitch, Joshua worked at Moody’s Investors Service, as a credit analyst on the European sovereigns team, covering both developed and developing economies, and in the US Public Finance Group, primarily covering US states and transit enterprises. Before Moody’s, Joshua was an economist and researcher in the Economist Intelligence Unit’s (EIU) Custom Research team. He has a masters in international relations and economics from Johns Hopkins School of Advanced International Studies (SAIS) and a bachelors in government and economics from Cornell University.

Event Details

Fitch Ratings offices
22 Adelaide Street West, Suite 2810
Toronto, ON Get Directions
Apr 28, 2026 4:00 pm - 6:00 pm EST

Event Registration

Public Attendee List

  • Peter Norman