Canada’s Five-Year International Trade Outlook—March 2026

Trade Uncertainty Persists

For the second year in a row, Canada’s foreign trade sector will see prospects dimmed by trade conflict, with softer U.S. demand and protectionist measures still a dominant theme in 2026.

What variables are at play in potentially ending the existing U.S. tariffs, and what is the expected timeline? How will Canadian consumers’ boycott of U.S. goods and services affect domestic demand and import activity? Can Canada forge further new global trade partnerships to significantly lessen our dependence on the United States? How will an improving real trade balance affect the current account deficit in the medium term?

Read the online experience for the full analysis.