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 over US$635 (C$854.3) billion in total goods and services in 2016.
America’s largest customer
- Canada is the U.S.’s largest customer, purchasing nearly US$332 (C$433.2) billion in goods and services in 2016.
- Canada buys more from the United States than does any other nation – including China.
Canada and the United States are the world’s largest trading partners
- 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
- Nearly 9 million U.S. jobs depend on trade and investment from Canada.
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