Hudson Bay trade route gains momentum as Canada seeks to bypass US tariffs
https://www.westernstandard.news/alberta/hudson-bay-trade-route-gains-momentum-as-canada-seeks-to-bypass-us-tariffs/61969
Amid rising trade tensions with the US, the federal and Manitoba governments are pouring millions of dollars into establishing the Hudson’s Bay as a viable alternative trade route to president Donal Trump’s tariff threats.
On Monday, the Manitoba government committed $36.4 million to upgrade infrastructure at the Arctic Gateway Group (AGG)-operated Port of Churchill, while the federal government pledged $43 million to support operations and maintenance of the Hudson Bay Railway.
The announcements are part of a broader strategy to reduce reliance on US trade routes, particularly as Washington ramps up protectionist policies.
That’s because Churchill is presently the world’s only deep water Arctic port. A full-blown Hudson Bay corridor could eventually become a vital gateway for Canadian commodities, including critical minerals, fertilizer, and even oil and natural gas, to reach global markets without relying on the US. Continue…