Diversifying Canada’s trade will be one of the most significant policy challenges for Canada over the coming decade. The extent to which we can successfully diversify will determine the trajectory of our country’s economic growth, the resilience of our sovereignty and the prosperity of our local communities.
In economics, the gravity model predicts that countries trade more with large, nearby economies. The gravitational pull of the U.S. – the world’s largest economy and Canada’s neighbour – is strong, which means government policy tools that help Canadian businesses defy gravity and expand into new markets will be increasingly important.
Those tools need to be carefully designed and grounded in rigorous analysis and evidence. Our research project aims to provide that analysis and evidence through collaborations with leading experts, and a series of research papers, commentaries, data dashboards and events.
Featured Publication

Amid U.S. President Donald Trump’s on-again-off-again trade war, trade diversification has been the talk of the town. But for a country like Canada, diversifying trade will be no easy feat. It also shouldn’t be the goal in and of itself. This paper explores the ultimate objectives of trade diversification; it presents a diversification plan, identifies what stands in the way of implementation, and proposes a pathway to develop policy solutions to overcome obstacles.
Stay Informed
Sign up to receive future publications, event invitations, and policy updates.

Chris Ragan, Rachel Samson

Webinar
October 6, 2026

Max Bell Foundation Senior Fellow at the IRPP

Vice-President, Research

Senior Research Director

Research Director

Research Associate

Research Associate

Research Associate

Max Bell Foundation Senior Fellow at the IRPP

Vice-President of Research at the IRPP

Vice-President and Chief Economist, Export Development Canada

Vice President of Policy and Advocacy, Council of Canadian Innovators

Vice-President, Research and Public Policy, Canadian Council for Indigenous Business

Professor, Balsillie School of International Affairs, Wilfrid Laurier University

Vice-President, Policy and External Affairs, Calgary Chamber of Commerce

Professor and Simon Reisman Chair in International Economic Policy, Carleton University’s Norman Paterson School of International Affairs

Chief Executive Officer and Chief Economist, Centre for the Study of Living Standards

Professor, Department of International Business, HEC Montreal

(Place-based and regional implications)

(Investment)

Institute for Research on Public Policy

Ricardo Chejfec

Rachel Samson, Ricardo Chejfec

Former research program

Panel Discussion
June 1, 2026
with Patricia Goff, Matthew Holmes and Steve Verheul