Bribe, Swindle or Steal U.S.-Canada Relations: Undefended Border or Deepening Divide?
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Oct 29, 2025 Gordon McKechnie, Executive President of Canadian Banknote, shares insights on changing U.S.-Canada relations. He discusses how Canada’s pivot toward Europe and Asia is reshaping trade and defense dynamics. McKechnie highlights the impact of recent tariffs and differing foreign policies, as well as the effects on tourism and cross-border travel. He notes rising Canadian defense spending amidst U.S. policy shifts and reflects on the broader implications for bilateral ties, ultimately expressing hope for healing the divide.
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Company Growth Fueled By Compliance
- Gordon McKechnie describes Canadian Banknote's growth from a $100M company with no compliance to a multinational with 2,200 employees.
- He credits TRACE for enabling safe multinational expansion without legal trouble.
Economic Integration Is Deep
- The U.S. and Canada share extremely integrated economies driven by geography and history.
- Two-way trade hits $1 trillion yearly and 75% of Canadian exports go to the U.S.
Energy Powers The Trade Relationship
- Energy is the largest contributor to Canada's trade surplus with the U.S. and is critical to U.S. supply.
- Half of U.S. petroleum imports come from Canada, dwarfing imports from OPEC.