Canada’s economy heavily reliant on U.S., experts warn dependence comes with risks
BNN Bloomberg
Canada’s economy is deeply connected to the United States, making it vulnerable to shifts in American policy and trade decisions that can affect exports, supply chains, investment flows and tourism, experts say.
Canada has been doing business with the U.S. for over a century, but according to an international policy expert, the relationship between the two countries is changing amid evolving trade policies.
“What has changed is the players, the intensity and the leverage between two countries,” Carlo Dade, director of international policy at the University of Calgary told BNN Bloomberg in an interview.
Dade says Canada has developed a belief that the U.S. is necessary for Canada to prosper but that’s not the case.
“Dependency has kept us from seeing the U.S. as it’s changed, and it’s also prevented us from really taking a cold, hard look at the changes in the U.S. and the relationship,” says Dade.
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