Two new power transmission lines are connecting Quebec to New York and Massachusetts this year. While they’re a welcome source of low-carbon energy for the states, the Canadian province’s power surplus is not what it once was.
Canada recently cut a new deal with China. The EU and South America signed a new free trade agreement. Long-time U.S. trade partners are looking to do business elsewhere.
There’s been a long-standing synergy when it comes to the U.S. and Canada around oil. But the seizure of Venezuelan oil by the United States has thrown a bit of a wrench into the future of that relationship.