#1 – We Must Diversify Our Export Markets
Answer
As an export-based economy, Canada must act now to expedite new resource development and transportation infrastructure including pipelines, power lines, ports, railways, and roads, which will help us diversify our trade relationships and secure our economic future.
Natural resources account for roughly 50% of Canada’s total merchandise exports every year [1], while exports account for approximately 20% of our national economy [2]. Our exports help us pay for everything we must import; they help make life more affordable by supporting the value of our Canadian dollar and improving our purchasing power.
Currently, 75% of Canada’s exports are destined for U.S. markets [5], making our economy highly reliant on a single trading partner. By fostering new trading partnerships with other nations abroad, we can reduce this dependency and insulate our economy from tariffs.
Canadians can choose to secure our long-term prosperity while maximizing the value of our natural resources – or, we can let ourselves be beholden to a single trading partner.
The time to act and take control of our economic independence is now.
