The federal government will not meet its goal of growing exports to non-U.S. countries to $600 billion per year organically until the 2040s, according to new analysis from Oxford Economics, and going faster will require rapid improvements to ports and transportation infrastructure. (The Logic)

Talking point: Much of Canada’s growth in non-U.S. exports since President Donald Trump launched his trade war is driven by the high price of gold shipped to the U.K., rather than sustainable shifts. The $5 billion in the 2025 budget for trade-related infrastructure projects could help, as most exports outside the U.S. travel by ship yet Canada’s ports rank poorly. So could increased capacity to ship oil and gas to fast-growing economies in the Indo-Pacific region, where Michael Davenport, senior economist at Oxford Economics, said Canada has more “room to grow” its market share than it does in the U.K. and European Union.