The share of Canada’s exports of mineral fuels and products* to non-US destinations has reached a historic high. Thanks to key energy transport infrastructure on Canada’s West Coast coming on stream in 2024 and 2025, Canada is able to fill additional demand, notably from China, which has been diversifying its own supplies away from the United States. International trade diversification is one way by which Canada can strengthen and de-risk its economy, as outlined by the C.D. Howe Institute’s Trade Crisis Working Group.
*Including oil and distilled products, natural gas, coal, bituminous substances, and mineral waxes
