Canada’s historical overdependence on the US has put it at a disadvantage, Mark Carney has said, adding that the “good old days” are gone
Canada’s historical overdependence on the US has put it in a vulnerable position and Ottawa should now adopt a more diversified approach to trade, Prime Minister Mark Carney has stated.
The US is Canada’s largest trading partner, accounting for 72% of its exports in 2025, according to Scotiabank.
However, relations between Ottawa and Washington have noticeably soured since Donald Trump assumed office last January, with the US president slapping hefty tariffs on the neighboring nation and routinely referring to Canada as “the 51st state.”
The Canadian prime minister, in turn, has vowed that his country “will never, ever, in any way, shape, or form, be part of the United States.”
In a video address to Canadians on Sunday, Carney said that “many of our former strengths, based on our close ties to America, have become our weaknesses – weaknesses that we must correct.” He argued that the “US has changed,” suggesting that it is unlikely that the “good old days will come back.”
“We can’t rely on one foreign partner,” the Canadian prime minister explained, adding that Ottawa should be “striking new partnerships abroad so we can sell into new markets.”
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