Canada’s Place in the World
Canada’s prosperity relies on global stability, the rules-based multilateral trading system, cooperation among like-minded partners and respect for sovereign states.
As a relatively small, open economy, Canada benefits from trade and investment liberalization.
Areas of focus include:
North America
Working closely with the United States and Mexico to strengthen North American competitiveness and security.
International Trade
Enhancing Canada’s existing economic partnerships while seeking new opportunities to trade with emerging markets.
Global Affairs
Supporting international institutions that contribute to global peace and prosperity.
Why Africa?
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
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Canadian business groups call for swift ratification of the Canada-U.K. Trade Continuity Agreement
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Canada caught in the crossfire of a new era of economic power politics
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.
