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Canada Boosts Energy Exports, Eyes China for Growth

1/23/2026

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Story summary
  • Canada is shifting its energy export strategy to reduce reliance on the U.S. market.
  • Following Prime Minister Mark Carney's visit to China, Canada signed agreements to expand energy cooperation, including LNG, oil, and clean technology.
  • The Trans Mountain Expansion positions Canada to meet growing Asian demand, with China a major buyer.
  • The government is exploring Chinese investment in new pipelines, but optics and economic risks remain.