As a relatively small, open economy, Canada benefits from trade and investment liberalization.
Areas of focus include:
Working closely with the United States and Mexico to strengthen North American competitiveness and security.
Enhancing Canada’s existing economic partnerships while seeking new opportunities to trade with emerging markets.
Supporting international institutions that contribute to global peace and prosperity.
The opportunity for Canada in Africa is enormous. To date, trade diversification discussions have often focused on the Asia-Pacific region given the well-documented rise of Asia’s middle class. While this region must continue to be a focus, Africa deserves attention given its large and under appreciated growth potential. Meeting Canada’s trade diversification target will simply not be possible without an Africa strategy
A Biden presidency? Why Canada needs its own economic recovery plan to ‘build back better’
Louis Vachon, President and CEO of National Bank of Canada, wrote an op-ed with Frédérick Gagnon, holder of the Raoul Dandurand chair of strategic and diplomatic studies at the University of Quebec in Montreal, which was recently published in The Globe and Mail. They raise the issue of the growing importance of geopolitics on the Canadian economy, and put forward suggestions to government and companies alike to mitigate the impact of this phenomenon.