Scotiabank
Trade-Enabling Infrastructure Needs for Canada
Pages
5
Time to read
17 mins
Publication
Language
English
Pages
5
Time to read
17 mins
Publication
Language
English
This technical report discusses the infrastructure requirements necessary for Canada to diversify its international trade clientele, particularly in light of increasing US protectionism. The document outlines the challenges faced by Canada in redirecting trade flows, emphasizing the need for significant investments in marine and air infrastructure to support this transition. It details how over 70% of goods currently exported from Canada are transported via road, rail, or pipeline, highlighting the deep integration of Canadian trade with the US market. The report presents an analysis suggesting that for every 10% of trade redirected from the US, there would be a corresponding increase in goods leaving Canada through ports and airports. It also addresses the projected capital expenditures required for infrastructure improvements, estimating that marine ports alone will need $15–$21.5 billion over the next fifteen years. The report concludes by stressing the importance of both public and private sector investment to meet future trade diversification goals.