Canada's Diversification Drive Collides with US Market Gravity

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Source: Reuters
Canada's Diversification Drive Collides with US Market Gravity
Photo: Reuters
TL;DR Summary

Prime Minister Mark Carney’s push to broaden Canada’s trade partners faces a stubborn fact: access to the U.S. market under USMCA remains the main lure for foreign investment, with auto makers lobbying to preserve tariff-free North American access; renewal talks are due by July 1, and while Canada pursues Asia deals, the U.S. still accounts for about 70% of exports.

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