Trade and Investment

Canada: A trading nation

Canada and the United States enjoy the longest, deepest, most peaceful, and mutually beneficial relationship of between any two countries in the world. No two nations depend more on each other for their mutual prosperity and security than the U.S. and Canada.

History has shown that trade is the best way to create jobs, growth and long-term prosperity. Maintaining strong economic ties is vital to our mutual success.

Since the Canada-U.S. Free Trade Agreement came into force in 1989, Canada’s two-way trade in goods and services with the United States has more than tripled. NAFTA has achieved broader and deeper market integration than any trade agreement had before. Millions of good middle class jobs depend on this close trade relationship.

America’s largest customer

  • Canada is the #1 market for most U.S. states.
  • In 2016, Canada purchased nearly C$426 billion (US$322 billion) in goods and services from the United States.
  • Canada buys more from the United States than does any other nation – including China, Japan, Mexico, and the United Kingdom.

Canada and the United States are the world’s largest trading partners

  • Bilateral trade in goods and services exceeded USD$635 billion (CAD$841.1 billion) in 2016.
  • Canada is the top trading partner for most states. Nearly 9 million U.S. jobs depend on trade and investment with Canada.
  • Canadian companies operating in the U.S. directly employ 500,000 Americans.

Source: U.S. Census Bureau / U.S. Bureau of Economic Analysis/ U.S. International Trade in Goods and Services / March 7, 2017 Release

Highlights

  • Nearly 9 million U.S. jobs depend on trade and investment from Canada.