Canada Will Double Its Non-US Exports by 2035: Prime Minister Carney

Carney added that Canada could no longer rely on a single foreign partner.

Canadian Prime Minister Mark Carney makes a live address on Canada's plan to build a stronger economy in advance of the 2025 Budget, at the University of Ottawa in Ottawa, Canada, on Oct. 22, 2025. Sean Kilpatrick/The Canadian Press via AP

Canadian Prime Minister Mark Carney said Canada will double its non-U.S. exports by 2035, which he said will generate CA$300 billion ($214.4 billion) more in trade.

Carney announced the goal in a televised speech on Oct. 22, saying the shift toward diversifying Canada’s international trade was necessary as its heavy reliance on the United States had become a vulnerability, particularly in light of U.S. President Donald Trump’s new trade tariffs.