Question

How does Canada’s economy benefit from being a major trading partner of the U.S. and what are the negatives of this partnership?

Answer 1

Answer:

Canada economy benefit:

1)The Canada and United States share a $1.4 trillion bilateral trade and investment relationship.

2) U.S. exports to Canada totaled $375 billion percent of total U.S. exports. Among 35 U.S. states, canada is number one export market.

3)U.S.-Canada two-way trade in services and goods totaled nearly $759 billion U.S. and Canadian bilateral are investment totaled stock nearly $698 billion.

4)Growth in the U.S. economy translates into growth in Canada, Canada's GDP 20 % comes from goods exports to the United States.

5)Canada is the largest foreign supplier of natural gas, oil, and electricity to the United States.

6)In 2014, Nearly 40 percent of the United States’ crude oil imports came from Canada.

Negative slides of partnership:

1)The United States has a trade surplus service of an estimated $25 billion with Canada in 2017 and in 2016 5.9

2)In 2017 canada was the United States' 3rd largest supplier of goods imports

3)in 2017, US. goods imports from Canada totaled $299.3 billion

4)In 2017, U.S. goods trade deficit with Canada was $17.1 billion