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:
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 Canada-US Partnership
Canadian trade and investment support more than 2 million American jobs, generate nearly USD $300 billion in exports, and benefit thousands of communities throughout the country. The deep economic relationship between the U.S. and Canada is built on shared values, close people-to-people ties, and a robust trade agreement – the U.S.-Mexico-Canada Agreement (USMCA) – which provides the foundation for a more competitive North America.
Explore and share how your state or congressional district benefits from the Canada-U.S. partnership.
Based on economic modelling by Ciuriak Consulting, this joint report by the Business Council of Canada and the Canada-India Business Council lays out the case for a comprehensive economic partnership agreement with India as a cornerstone of Canada’s engagement with the Indo-Pacific region.
August 4, 2022
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
February 11, 2020
Developing Canadian ingenuity
Éric Martel discusses how investing in R&D and developing technologies to reduce emissions can increase Canada’s ability to compete globally.