Business Brief: What’s missing from Ottawa’s global trade math
Ottawa is promoting its recent trade successes, highlighting a significant increase in exports to non-U.S. markets. However, this growth is not evenly distributed across the country, with most gains concentrated in a few urban centers. Smaller firms face challenges that hinder their ability to benefit from these trade opportunities, raising concerns about the overall economic health of Canadian households.
- ▪Canada's non-U.S. exports increased by $33 billion in 2025 compared to the previous year.
- ▪Most trade diversification progress is concentrated in five urban hubs: Calgary, Ottawa-Gatineau, Toronto, Saskatoon, and Kelowna.
- ▪60% of Canada's total export value comes from just 2.6% of the country's companies.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountMorning. Ottawa is highlighting a string of trade deals across the globe and a jump in exports to countries other than the United States. In focus today: Why those optimistic numbers hide a deep disconnect across Canadian households and businesses. Up firstIn the newsTrade: USMCA should be renewed for 16 years, LeBlanc writes to U.S. and MexicoAI: Ottawa confirms Canada is now part of Anthropic’s Mythos AI preview programReal estate: Lower home prices helped revive the Toronto real estate market in May.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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