A report says Canada’s efforts to diversify trade away from the United States are producing uneven outcomes across the country. While some cities and regions show the strongest gains, others remain heavily tied to the U.S. market. The report highlights that Calgary, Ottawa and Toronto are among the locations that see the greatest diversification improvements over the past year, suggesting they are increasingly attracting or expanding trade relationships beyond the U.S. In contrast, other cities do not show similar progress and continue to rely more on American demand for exports and related economic activity. The findings point to a gradual shift rather than a uniform national change, indicating that diversification is happening at different speeds depending on where firms are concentrated, which industries dominate locally, and how easily businesses can develop new customer relationships abroad. Overall, the report characterizes the diversification push as making progress in some areas while leaving other parts of Canada with little change in their exposure to the U.S.
Canada’s trade diversification away from the U.S. shows mixed results, report says
A report says Canada’s efforts to diversify trade away from the United States are producing uneven outcomes across the country. While some cities and regions show the strongest gains, others remain he...
- A report finds Canada’s trade diversification away from the U.S. is uneven across regions.
- Calgary, Ottawa, and Toronto are identified as among the cities with the biggest diversification gains last year.
- Other cities and regions remain heavily dependent on the U.S. market.
- The pattern suggests diversification is gradual and varies by location rather than occurring uniformly nationwide.
Calgary, Ottawa and Toronto among cities that saw the greatest diversification gains last year, while others remain heavily tied to U.S. market
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