In politics and business, as in life, it’s good to have friends who look out for you, especially in tough times.
As a peaceful and prosperous country blessed with abundant natural resources, Canada — and, by extension, Canadian business — has a lot of friends to choose from. In today’s global environment, economies are increasingly focusing on their friends and shutting out those viewed as hostile. So, we are in an enviable position.
It is a bit odd for our political and economic policy to sound like something from the playground. But the term “friendshoring” will be familiar to those who have heard Deputy Prime Minister Chrystia Freeland’s recent speech at the Brookings Institution (it’s worth a listen) or those who have read about the “Freeland doctrine.”
