By the end of the month, Canada will have a new prime minister and cabinet to set the path forward for the economy. At some point, said PM is going to have to make several tough calls when it comes to how Canada faces the U.S. tariff war, global volatility, and shifting trade flows.
As Shaun Haney wrote in his opinion column this week, Canada has four choices: continue or even further deepen its ties to the U.S. as Fortress North America; get much closer to Europe and the UK; focus on China; or, drop inter-provincial barriers and keep things local.
There’s a pro/con argument to be made for each option. There’s a contrarian view for each — there are also hard economic pills to swallow, facts being what they are. For argument’s sake, you could say the fifth option is to try and do it all, however, two or three of these options are in direct opposition to each other (hello rock and hard place!).
For this week, we want to know: what trade strategy should Canada focus on?
