Canada's Pivot to EU Offers Growth, But Requires Infrastructure -- Market Talk

1342 ET - Canada's ambition to expand non-U.S. exports relies heavily on sector-specific growth opportunities, according to CIBC's Chief Economist Avery Shenfeld. While opportunities exist in machinery, mining and aircraft, Shenfeld notes that major shifts like LNG exports face longer timelines. "There are longer term aspirations to get Canadian LNG to Europe... but a lot of infrastructure would have to come into place, over several years, to do that," he says. Beyond energy, Shenfeld notes that Canadian defence sector is ripe for export, as well as nuclear technology and uranium. In the latter, however, he cautions that it will "depend on the EU's receptiveness to nuclear power." While U.S. tariffs may force Canadian exporters to look elswhere, building the physical and industrial capacity to capture them remains a gradual process. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

September 16, 2026 13:43 ET (17:43 GMT)