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The Carney government wants to double Canada’s exports to countries other than the United States by 2035 to help reduce dependence on the U.S. market and deepen Canadian trade and commercial ties with other economies. The idea commands significant public support. Canada faces a volatile mercantilist president determined to dismantle much of the architecture governing the global economy and upend America’s longstanding trade relationships.

FINLAYSON: Carney government’s ‘export’ plan relies on Canada’s natural resource sector Back to video

Apart from the challenges posed by protectionist U.S. trade policies, Canada’s economy is also being hobbled by an unprecedented domestic investment gap, which reflects the cumulative impact of years of growth-inhibiting taxes, cumbersome government regulations and persistent infrastructure bottlenecks.

Fortunately, at least some policymakers in Ottawa recognize the need to bolster business investment. Next week, Prime Minister Carney will preside over a high-profile “investment........

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