Canada’s Economy at Risk: Diversification Is the Key to Breaking US-Dependence

An op-ed argues Canada’s economy is hampered by slow productivity, heavy reliance on American demand (about 72% of merchandise exports go to the U.S.), and high taxes and regulatory costs. The U.S.–Canada tariff conflict exposes these weaknesses, and the piece urges diversification beyond the U.S.—to Asia and Europe—and domestic reforms to boost competitiveness. IMF estimates fully eliminating internal trade barriers could lift long-run GDP by about 7% (roughly C$210 billion), while expanding non‑U.S. markets could add about C$146 billion in export growth by 2035; Canada already has export-support networks but must overcome complacency to realize that potential.