Canada must reduce reliance on extractive industries and U.S. exports, report finds22.4.2025 08:34:18 CEST | news aktuell GmbH | Press Release
Los Angeles/Ottawa (DNA) - From dissatisfaction with the Trudeau government to dissatisfaction with Trump’s policies — compounded by general anxiety around tariffs, the economy and a deteriorating relationship with the U.S. — navigating an economic downturn should be an immediate priority for Canada as it heads into a federal election, a new report recommends. In the long-term, however, it says Canada will need greater economic diversification and regional representation. “Although it is wealthy by global standards, Canada’s economy faces key vulnerabilities such as excessive reliance on extractive industries, shortages of critical goods like housing and heavy dependence on exports to the U.S.,” states a Canada BGI Report on the country’s governance performance, released a little more than ten days before the April 28 federal election. The report, based on the Berggruen Governance Index (BGI), was conducted by researchers from the Los Angeles-based Berggruen Institute think tank, the L
