This week, a significant trade mission from Canada, led by Commerce Minister Dominic LeBlanc, is visiting Mexico to strengthen business ties and explore new agreements as the T-MEC review approaches in March. With over 370 Canadian delegates, predominantly business leaders, the mission emphasizes the importance of Mexico as Canada's third-largest trading partner, following the US and China and aims to engage in discussions with around 200 Mexican companies.

The Canadian delegation's objective is to enhance the already established trade relationship by identifying new opportunities and potential partnerships that could benefit both countries economically. LeBlanc's statements highlight the existing trade potential that is yet to be fully realized, despite the current partnerships, reflecting a proactive approach to expanding trade horizons.

In the backdrop of this mission, former U.S. President Donald Trump has been applying pressure on Canada by establishing new deals with China, adding a layer of urgency for Canadian businesses to solidify and grow their relationships with Mexican companies. The expected outcomes of this mission are not just immediate business agreements but longer-term commercial ties that could reshape trade dynamics in North America.