Canada Targets $146 Billion Non-U.S. Export Increase by 2035

A report from PwC indicates that Canada can increase its non-U.S. exports by $146 billion by 2035 by prioritizing energy, agriculture, and metals and minerals. This strategy supports the goal of Prime Minister Mark Carney to double non-U.S. exports in response to protectionist trade policies and tariffs imposed by U.S. President Donald Trump.

To realize this growth, PwC emphasizes the necessity of strategic infrastructure investments, specifically in bulk commodity handling and energy projects such as Ksi Lisims LNG and LNG Canada Phase 2. West coast ports are central to this expansion, with the Port of Vancouver, Port of Prince Rupert, and Port of Nanaimo implementing growth plans. These efforts include the $3.5 billion Roberts Bank Terminal 2 project.

While total exports are projected to reach $930 billion by 2035, PwC notes that the ratio of trade with the U.S. will only diminish slightly. This suggests that infrastructure diversification remains critical to reduce the country's long-term over-reliance on the U.S. market.