Can Carney Reduce Canada's U.S. Trade Dependence? 50 Years of History Says 'No'

Can Carney reduce Canada's U.S. trade dependence? 50 years of history says 'no'

Federal governments have for decades failed to reduce Canada's dependence on U.S. trade, according to a new report, suggesting that Prime Minister Mark Carney faces an overwhelmingly steep climb in his effort to pivot the country away from its southern neighbour.

Canada’s Bid To Cut U.S. Trade Reliance Faces Long Odds, Study Finds

The Canadian government has set an ambitious goal to double trade with countries other than the United States within a decade, but historical experience suggests that will be a difficult goal to achieve, finds a new study published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “This federal government is not the first to prioritize diversifying trade away from the United States, and it’s important…