Trade and Investment
Canada: A trading nation
History has shown that trade is the best way to create jobs, growth and long-term prosperity.
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. Thanks to this agreement and the North American Free Trade Agreement, the trading relationship between our two countries is so strong that we exchanged US$1.9 (C$2.4) billion in goods and services every day in 2015.
America’s largest customer
- Canada is the U.S.’s largest customer, purchasing US$337.8 (C$431.9) billion in goods and services in 2015.
- Canada buys more from the United States than does any other nation – including all 28 countries of the European Union.
Nearly nine million U.S. jobs depend on trade and investment with Canada
- Canada and the United States are the world’s largest trading partners: nearly US$700 (C$886) billion in goods and services were traded in 2015.
- The United States is the most important destination for Canadian direct investment abroad, which totaled US$351 (C$448) billion (stock) in the U.S. in 2015.
- Nearly 9 million U.S. jobs depend on trade and investment from Canada.
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