Canadian business leader warns trade uncertainty risks 'capital chill' as USMCA talks drag on
The head of the Business Council of Canada says the US remains the country's most critical market, even as Ottawa seeks to diversify trade
Canada's push to expand its economic relationships around the world should not be mistaken for a retreat from the U.S., a leading Canadian business voice told FOX Business, warning that continued uncertainty over North American trade risks creating a "capital chill" that could weigh on investment.
Goldy Hyder, president and CEO of the Business Council of Canada, said Canadian companies continue to view the U.S. as their most important market even as Prime Minister Mark Carney's government accelerates efforts to attract investment and expand trade with Europe and other markets.
"Even a kid with a lemonade stand would know, it's not good for business to just have one customer," Hyder said, describing Canada's approach as a "U.S. Plus" strategy.
"The United States is and will be our most important trading partner," he added.
The push comes amid a sharp deterioration in the trading relationship between the longtime allies. Nearly 68% of Canadian exports hav...