Canada is actively reshaping its global trade and investment strategy in response to continued US trade tariffs, with investors and policymakers increasingly turning their attention towards Europe and China rather than waiting for a reversal in Washington.
According to leading audit, tax and business advisory firm Blick Rothenberg, uncertainty created by US trade policy is accelerating a strategic shift in Canadian capital flows and diplomatic priorities.
Melissa Thomas, a director at the firm, said Canadian leaders and investors are no longer prepared to sit tight in the hope of a US policy U-turn.
“Canada isn’t waiting around for the US to reverse its tariffs,” she said. “The Canadian prime minister, Mark Carney, and Canadian investors are clearly looking elsewhere for the country’s economic future — particularly towards Europe and China.”
Official data shows that Canadian investors acquired $15.2bn in foreign equity securities in November, with the bulk of that capital directed outside the US. Of that total, more than $8.9bn flowed into European equities, marking the highest monthly investment in non-US shares since April 2022.
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