‘A wake-up call’: Report urges agri-food export diversification amid tariff threat

TORONTO — The Canadian agriculture industry needs to expand its international exports to hold its own against U.S. tariffs and global competitors, according to a new report from RBC. Amid the looming tariff threat, the report says Canada’s agriculture and agri-food sector is vulnerable as more than 60 per cent of its exports go to the U.S. It argues Canada has become too reliant on the U.S. for those exports, and over the years has become a dominant supplier for American grocery stores. For instance, about 96 per cent of Canada’s canola oil went to the U.S. in 2024, while…