Global Trade Implications for Canada in a Shifting Landscape
Monday, 9 September 2024, 17:00
Shifting Dynamics in Global Trade
The COVID-19 pandemic, coupled with Russia’s unprovoked invasion of Ukraine, has fundamentally altered global trade patterns. Countries are re-evaluating their supply chains and trade relationships to secure their inputs.
Canada's Response and Strategic Move
Canada is focusing on protecting and promoting domestic production in key industries while looking to diversify its trading partners.
Key Challenges and Opportunities
- Increased import costs
- Changing export markets
- Investment in local production
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.