Canadian Prime Minister Mark Carney said Canada will double its non-U.S. exports by 2035, which he said will generate CA$300 billion ($214.4 billion) more in trade.
Carney announced the goal in a televised speech on Oct. 22, saying the shift toward diversifying Canada’s international trade was necessary as its heavy reliance on the United States had become a vulnerability, particularly in light of U.S. President Donald Trump’s new trade tariffs.
The former head of the Bank of England said that the United States had “fundamentally changed its approach to trade, raising its tariffs to levels last seen during the Great Depression,” and that the scale and speed of these changes warrant that Canada’s economic strategy dramatically change….