Canadian companies exporting only to U.S. cut nearly in half, data shows
Global News
The number of Canadian companies moving away from the U.S. as the most reliable trading partner is rising, new data shows, which comes one year since the trade war began.
The number of Canadian companies moving away from the U.S. as the most reliable trading partner is rising, newly released data shows, which comes one year since President Donald Trump launched a trade war by imposing sweeping tariffs on virtually all countries.
Canadian businesses that export goods to only the U.S. dropped from 62 per cent in 2015 to 34 per cent in 2025, according to a report released Thursday by Export Development Canada (EDC).
The report details the results of a survey, which featured more than 1,300 Canadian exporters and was conducted from early December 2025 through mid-January 2026.
“What we see in this latest survey is a clear action on the part of Canadian companies who are choosing to adapt to an evolving global trade environment rather than wait for a return to the old world order,” said Stuart Bergman, EDC’s chief economist, in the release.
“While confidence is improving, we see that businesses are approaching the next six months with measured caution, focusing on finding new markets and strengthening their capabilities at home and abroad to navigate a volatile global trade environment.”
The EDC report also shows 65 per cent of Canadian exporters are planning to enter new markets in the next two years. The number of companies already starting to expand exports to multiple markets has more than tripled in the last decade, from 13 per cent in 2015 to 43 per cent in 2025.
Trump’s tariffs have meant higher costs for some business owners, including hard-hit manufacturing sectors like steel and aluminum, lumber, automobiles and auto parts.
U.S. importers of goods from these Canadian businesses may face higher costs because of these policies and will choose to place fewer orders.
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