The Globe and Mail reports in its Monday edition that president-elect Donald Trump's election is good news for the Canadian energy sector.
The Globe's Barry Campbell writes that Mr. Trump was vocal
about his support for TransCanada's Keystone
XL pipeline. He also spoke
about making the United States
"energy independent," hopefully
referring to decreasing oil imports
from the Middle East. A North
American energy security initiative
might benefit Canada, but
the Canadian government's energy
policy does not
exactly dovetail with Mr. Trump's.
The North American automobile-manufacturing sector is fully
integrated and has been since the
days of the Auto Pact, which preceded
the free-trade agreement. Canada's auto
manufacturers and the auto-parts
sector will need to carefully monitor
and engage Canadian and U.S.
officials to prevent the great unravelling.
Softwood lumber exports have
been a trade irritant between
Canada and the United States for
decades. These exports are currently
the subject of negotiations
after the expiry of the most recent
Canada-U.S. softwood lumber
agreement. U.S. willingness to
enter into new sectoral trade
agreements will be impacted by
Mr. Trump's presidency.
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