Canada shifts economic strategy amid U.

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Canada shifts economic strategy amid U.S. trade tensions. Prime Minister Mark Carney declared in a video address that Canada's historically strong economic ties to the United States have become a weakness requiring correction. This shift comes as Trump administration tariffs reach Depression-era levels, impacting Canadian auto and steel industries. Carney emphasized the need to diversify trade partnerships and reduce dependence on a single foreign partner. His government plans to attract new investments, expand clean energy capacity, and lower internal trade barriers. The comments reflect growing tensions between the nations, with a scheduled review of the North American Free Trade Agreement set for July. Carney promised regular updates on diversification efforts as Canada reassesses its economic strategy.

Monday, April 20, 2026 at 10:00 AM

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