Published: 13:40, October 23, 2025
Canadian PM: Canada to double non-US exports over next decade
By Xinhua
Canadian Prime Minister Mark Carney addresses on Canada's plan to build a stronger economy in advance of the 2025 Budget at the University of Ottawa, Ottawa, Canada, Oct 22, 2025. (PHOTO / AP)

OTTAWA - Canadian Prime Minister Mark Carney said Wednesday that he will double the country's exports to non-US markets over the next decade to reduce its economic reliance on the United States.

In a speech outlining his government's priorities for the next month's federal budget, Carney said the nature of the trade relationship with the United States is changing, thus setting the goal of doubling non-US exports in the next 10 years.

The government is preparing to "build a stronger economy" against the backdrop of "a more dynamic, a more competitive, a more hostile world," Carney said.

READ MORE: Canada aims for free internal trade that can offset any US tariffs, Carney says

"If we don't act now, the pressures will only grow," said Carney. "We won't transform our economy easily or in a few months. It will take some sacrifices and it will take some time."

Since the beginning of this year, Canada and the United States have clashed multiple times over tariffs. In March, Carney stated that the traditional relationship between Canada and the United States, built on deepening economic integration, was "over" and that Canada must fundamentally reshape its economy.

In September, the Carney government announced a massive infrastructure plan covering energy, mining and port expansion, aimed at boosting the domestic economy and reducing dependence on the United States.

READ MORE: Canada has counter-tariffs ready if Trump launches trade war, Trudeau says

The United States is currently Canada's most important trading partner, with about three quarters of Canada's merchandise exports going to the United States.