Global Trade News

  In response to the increasingly difficult trade climate, the new prime minister has pledged to double Canada’s exports by 2035, broaden the country’s international trading relationships and lessen its dependence on the United States, which remains Canada’s largest trading partner.

According to the Fraser Institute, a nonpartisan Canadian think tank, roughly 80% of global economic activity takes place outside the U.S., with a significant share concentrated in Asia. 

  Any trade agreement between Canada and the U.S. must provide certainty that negotiated tariff rates on specific goods will remain in place, Prime Minister Mark Carney said.

Carney said Washington failed to provide those guarantees during negotiations last month. The talks subsequently broke down, leading the U.S. to impose additional tariffs on Canadian imports and prompting Ottawa to announce retaliatory measures scheduled to take effect Tuesday. 

 Canada’s trade surplus fell significantly in July as exports of energy and metal goods declined while imports increased, coming just weeks before the effects of Washington’s new 50% tariffs are expected to appear in trade data and create greater challenges for Canadian exporters. 

 Canada has a significant opportunity to expand trade beyond the U.S., with agri-food among the sectors positioned to benefit from stronger export diversification. A recent PwC Canada analysis estimates that key Canadian industries could generate approximately C$146 billion in additional non-U.S. export growth by 2035. 

Canada has officially opened the CANXPORT export logistics facility at the Port of Prince Rupert, supported by nearly C$50 million through the National Trade Corridors Fund. The project is designed to increase Canadian export capacity, strengthen trade corridors and improve the movement of goods to international markets.

 The Office of the Grocery Sector Code of Conduct released its first report following full implementation of the Canada Grocery Code. Early findings identified issues involving commercial agreements, unilateral changes, deductions, administrative fees and communication between supply-chain participants. 

 Recent industry commentary highlights continued emphasis among FMCG and food and beverage companies on operational discipline, supply chain coordination, and market responsiveness. The discussion reflects broader efforts by sector leaders to adapt processes and partnerships in response to shifting demand patterns and ongoing cost and logistics pressures.

A new industry analysis outlines the key trends expected to influence the fast moving consumer goods sector in 2026, reflecting shifts in consumer behavior, supply chain structure, and digital adoption. The findings point to growing emphasis on traceability, sustainability, data driven forecasting, and direct market access, signaling continued structural change across global FMCG operations.

 New industry data indicates the fast-moving consumer goods sector is positioned for a notable rebound in early 2026, with volume growth forecast at around 5 percent driven by stronger macroeconomic fundamentals and improving consumer confidence. The recent quarter’s expansion marked the most robust performance in over a year, suggesting momentum in demand.