With cross-border auto tensions now in the rear-view mirror, Prime Minister Justin Trudeau is talking about Canada's next big bilateral challenge: head-to-head economic competition with the United States.
From a Canadian perspective, the first two years of President Joe Biden's term were all about countering a persistent bout of U.S. protectionism by preaching the virtues of trade between like-minded partners.
“We'll always figure out ways to make sure that the Canadian advantages” - plenty of room for growth, he said, along with a reliable, diverse and well-educated workforce that comes with built-in health care - make Canada “an extremely attractive place to invest.”Steel giant ArcelorMittal Dofasco is converting its plant in Hamilton to make it less carbon-intensive, using electric arc furnaces instead of coal-burning blast furnaces to slash annual carbon emissions by as much as 60 per cent.
Just because two countries are allies doesn't mean they can't also be economic rivals, said Michael Harvey, vice-president, policy and international with the Canadian Chamber of Commerce. “If you look at the Inflation Reduction Act, what you've got is a major industrial policy spend. That means that Canada needs to step up and be able to compete with that, or else we can get left behind.”
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