Miguel Afonso Caetano<p>Canada is back in fashion: </p><p>"Canada is the second-largest country by land mass, with the world’s longest coastline. It is bookended by the Pacific and Atlantic oceans, making it ideally situated for global trade.</p><p>Marko Papic, chief strategist at BCA Research, also reckons Canada could be better off in a warmer world. “Global warming could increase agricultural yields, open up large swaths of the country to mineral exploration, and allow for new trade routes through the Arctic,” he said.</p><p>The country is energy independent, with the world’s largest deposits of high-grade uranium and the third-largest proven oil reserves. It is also the fifth-largest producer of natural gas.</p><p>Canada boasts a huge supply of other commodities too, including the largest potash reserves (used to make fertiliser), over one-third of the world’s certified forests and a fifth of the planet’s surface freshwater. Plus, it has an abundance of cobalt, graphite, lithium and other rare earth elements, which are used in renewable technologies.</p><p>“Canada absolutely has potential to be a global superpower,” added Papic. But the nation has lacked the visionary leadership and policy framework to capitalise on its advantages.</p><p>US President Donald Trump’s tariff threat has, however, shifted the Overton window. There is now a growing political consensus to unlock Canada’s economic potential and reduce its dependence on exports to its southern neighbour. That task will fall to either Prime Minister Mark Carney or opposition leader Pierre Poilievre following an election this year.</p><p>Canada’s GDP has long trailed its G7 peers, ranking 16th globally in purchasing power parity terms. A country with its geography could clearly generate higher output. To do so, the Canadian economy needs to become more efficient, raise investment and attract more high-skilled workers. Here’s how."</p><p><a href="https://www.ft.com/content/d4813838-66b2-4823-8361-11d467142fd2" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">ft.com/content/d4813838-66b2-4</span><span class="invisible">823-8361-11d467142fd2</span></a> </p><p><a href="https://tldr.nettime.org/tags/Canada" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Canada</span></a> <a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://tldr.nettime.org/tags/TradeWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeWar</span></a> <a href="https://tldr.nettime.org/tags/PoliticalEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PoliticalEconomy</span></a> <a href="https://tldr.nettime.org/tags/Geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Geopolitics</span></a></p>