Canada Announces New Initiative To Boost Canadian-U.S. Economic Relations

Last Tuesday, April 21 Canadian Prime Minister Mark Carney unveiled a new initiative to boost his country’s economic and security relationship with the United States.

The Advisory Committee on Canada-U.S. Economic Relations will serve as a forum for expertise and strategy on all aspects of the Canada-U.S. economic relationship and will include leaders from major sectors of the Canadian economy, representing extensive experience in business, investment, trade, and labor. The panel will be chaired by the the minister responsible for Canada-U.S. Trade, Intergovernmental Affairs, Internal Trade, and One Canadian Economy, Dominic LeBlanc.

“Canada is approaching its economic relationship with the United States with focus, discipline, and unity,” Prime Minister Carney said. “This new Advisory Committee ensures that government is drawing on the best advice and the broadest perspectives to advance Canada’s economic interests. Our goal is a strong economic partnership with the United States that creates greater certainty, security, and prosperity for all.”

Within the announcement, which is available at this link, Prime Minister Carnet noted:

• Together, Canada, Mexico, and the United States represent a market of 517 million consumers, with a combined gross domestic product of $48.8 trillion.
• Canada and the United States exchanged nearly $3.6 billion in goods and services every day in 2024.
• Since the United States-Mexico-Canada Agreement entered into force, Canada-U.S. trade has increased by more than 27%, or $196 billion.

The Advisory Committee will hold its first meeting on April 27, 2026.