Ricardo Hausmann & Eric Protzer explain how the country can reduce its dependence on its unreliable southern neighbor.
Economics
Sep 1, 2026
Ricardo Hausmann
and Eric Protzer
Canada’s dependence on the US market has become a strategic liability, leaving it vulnerable to President Donald Trump’s bullying. Reducing that dependence will require building industries that can compete globally while removing the structural barriers that prevent innovative Canadian firms from scaling.
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“Many of our former strengths — based on close ties to America — have become our vulnerabilities," said Canada's leader.
“Many of our former strengths — based on close ties to America — have become our vulnerabilities," said Canada's leader.
Canadian Prime Minister Mark Carney stressed his country's importance to the US economy on Thursday, urging closer cooperation as…
