Today, Justin Trudeau and Barack Obama will trumpet the special relationship Canada and the United States enjoy. But, Tom Walkom writes, that relationship isn't quite so special anymore:
Canada used to be America’s largest trading partner in goods. Now it is not. Since late last year, that honour has consistently gone to China.
As my colleague Jennifer Wells has pointed out, Mexico — whose trade in goods with the U.S. is growing in leaps and bounds — is well on its way to edging Canada out of the number two spot.
The U.S. still accounts for 49 per cent of foreign direct investment in Canada. But even that figure is down from 54 per cent in 2010.
That was the whole idea behind the Keystone XL pipeline. But the Americans see no need for the pipeline. The world has changed. The United States is now exporting oil.
Labour costs less in Mexico. And, so, the Americans are now turning their gaze south. Mr. Trudeau's reconfiguring of Canada's mission in the Middle East seems to please the Americans. He's signalling that he wants to keep the doors open.
But he may find that the Americans are looking at other doors.