Ottawa is going all in on ‘friendshoring.’ Here’s what that could mean.

OTTAWA — This year’s budget reveals the federal Liberals envision Canada relying more on its allies for trade in the future, economists and geopolitical experts say — even if that could result in higher prices or missed opportunities. “It’s a reframing,” University of British Columbia professor Vina Nadjibulla said after the budget’s release this week. “It’s essentially saying what we’ve been doing for the last 30 years of engagement is over.” U.S. Treasury Secretary Janet Yellen coined the term “friendshoring” a year ago, saying allies should rely on each other to make supply chains more resilient, and defang hostile actors…