Canada’s prime minister took an important step toward reinvigorating his nation’s ties with China and diversifying its trade away from the U.S., as Beijing increasingly seeks to woo U.S. allies

Diversifying trade relationships while sustaining those with America will be a tricky balance for Canada’s prime minister

The prime minister is seeking new markets for Canadian goods and to mend relations with China after years of deep acrimony between the two nations.

This isn’t the first time Carney has signaled a profound shift. Back in March, he warned that “the old relationship we had with the United States, based on deepening integration of our economies and tight security and military cooperation, is over,” and that Canada must “fundamentally reimagine” its economy for a “drastically different world (2).”

Prime Minister Mark Carney witnessed the signing of an agreement to co-operate more with China on clean and conventional energy the first day of talks in Beijing on Thursday, after years of difficult relations between the two countries.

Canada's 2025-2026 federal budget places significant emphasis on the construction industry by allocating funds to develop the country’s infrastructure.