Diversifying Canada's Exports Amid Tariffs

This is a Canada news story, published by CityNews, that relates primarily to Hodgson news.

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Canadian exports

CityNews

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World

Long-sought push to diversify trade partners gathers momentum under threat of tariffs

Summary

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76% Informative

Long-sought push to diversify trade partners gathers momentum under threat of tariffs.

More than three-quarters of Canadian exports go to the U.S. in a trend that’s persisted for decades .

Canada has free trade agreements covering more than 50 countries, including one signed just last week with Ecuador .

Service exports totalled $208.5 billion in 2023 , including big chunks from education and travel.

Canada could also see growth on the service side, said Hodgson .

Canada can export financial services and insurance products that, while it gets a little fuzzy on the counting at times, are already proving themselves.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful