Canadian billionaire Charles Bronfman not concerned about 'silly moves' from Trump administration
Canadian billionaire and philanthropist Charles Bronfman recently sat down with BNN Bloomberg’s Amanda Lang to discuss a wide range of hot-button topics that are weighing on the minds of business leaders across the country.
The former Seagram Company co-chairman and principal owner of Major League Baseball’s now-defunct Montreal Expos discussed everything from NAFTA negotiations to cannabis legalization and how the business world has evolved since being fully-immersed in it. Here’s some of what he had to say.
THE U.S.-CANADA RELATIONSHIP
“It will continue to be a strange period as long as the incumbent administration in the United States is around. That said, I believe that the economies, particulary in the northern part of the United States, and [the] Canadian [economy] are so intertwined. I don’t think that there’s any real danger of the United States trying any silly moves.”
HOW HE’D DEAL WITH NAFTA UNCERTAINTY
“You have plan a, plan b, and plan c, I should imagine. Fortunately, I don’t have to worry about that.”
“I wouldn’t [get into the cannabis business]. It’s only because I’m prejudiced against it. And it could be a competitor to what our business was. But it’s very, very early in that game. Let’s see.”
TODAY’S BUSINESS WORLD
“I think we’re in an age, unlike when I was young, where today’s businesses don’t know what tomorrow is going to bring. It’s a dramatically-changed world. … I think the idea of being steady as she goes has gone out the window – and I think that’s a shame. The other thing that has become a shame is that CEOs now have to compare quarter one this year with quarter one last year, [make a] prediction for quarter two. You can’t plan your business.”
HOW TO PICK PHILANTHROPIC CAUSES
“I asked my dad [about] that. He looked at me and said, ‘You’ll learn.’ You think with your head but the appeal is to the heart.”