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Eurasia Group says no country more at risk than Canada in relations with the U.S.

Eurasia Group warns Canada faces risks from U.S. political upheaval, Arctic competition, and trade uncertainty, with close ties making it the most exposed country in 2026.

  • Published Monday, Eurasia Group, a political risk consultancy, warned Canada would be most profoundly affected by a potential U.S. political revolution driven by President Donald Trump this year.
  • Eurasia Group says Canada's exposure stems from close geography, trade and defence links to the United States, while the report flags a `Zombie USMCA` scenario heightening economic uncertainty.
  • Eurasia Group highlights Arctic competition as melting ice opens shipping routes and access to critical minerals, with Lloyd Axworthy, former foreign affairs minister, calling Greenland a `chokehold` point affecting Canadian sovereignty.
  • Prolonged trade uncertainty may chill investment and disrupt North American supply chains, while Canadians could face higher defence spending and refugee intake pressure, the report says.
  • Eurasia Group also cautions a `Europe under siege` scenario will complicate Prime Minister Mark Carney's trade diversification, while experts urge Canadian public involvement due to low preparedness.
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A new report published by the Eurasia Group warns that no other country will be so "deeply affected" by the political unrest in the United States as Canada in 2026.

·Montreal, Canada
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Eurasia Group says no country more at risk than Canada in relations with the U.S.

A new report by the Eurasia Group is warning no other country will be as "profoundly affected" by political turmoil in the United States than Canada will be in 2026.

·Kelowna, Canada
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Canada is at risk of the greatest impact of political unrest in the United States in 2026, warns of a new report by the Eurasia Group published on Friday. The risk management company states that the long-standing relationship between the two countries "is in the past" and that the continuing trade uncertainty will have an impact ... Continue reading Eurasia Group's new report states that no country is more at risk than Canada in its relations wi…

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CTV News broke the news in Canada on Friday, January 9, 2026.
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