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Fen Hampson, the head of the global security program at the Centre for International Governance Innovation in Waterloo, Ont., said Canada should now focus its trade efforts on Europe and Asia.

"It's time to double down on our own bilateral trade agreements not only with the European Union but with new markets in Asia," Hampson said. "That will give us leverage with Washington. The more we can diversify, the more leverage we will have."

And while there have been questions over whether Trump would even be able to re-open NAFTA, trade lawyer Lawrence Herman said Canada won't be able to refuse if...

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