How the U.S. trade shock exposed Canada’s weak spots - BNN Bloomberg

Canada’s era of easy, proximity-based trade with the U.S. came to an end after U.S. President Donald Trump applied sweeping tariffs on Canadian imports during his second term last year. But the move also exposed a massive preparedness gap among Canadian businesses, according to a new report by Deloitte that details how Canadians are reeling from trade shocks caused by a lack of diversification and over-reliance on the U.S. market. “Trade diversification has long been discussed, but it’s been inconsistently pursued,” says Jim Kilpatrick, global supply chain and network operations leader for Del…