Canada and America relationship?
1.) Does canada have a strong, independent national economy?
2.) Does it need tariffs to protect its economy from America influence or domination?
3.) Does canada - US trade strengthen or weaken canada's chances of survival as a nation?
- Anonymous1 decade agoFavorite Answer
Hey I cheated. I sent the question to a good friend of mine in Canada. For some reason he cannot respond on YA, maybe it's a Canadian thing, but for what it's worth this is his answer.
Does Canada have a strong independent national economy?
yes it does. Canada is resource rich, we have a ton of oil, until recently we had manufacturing jobs but the auto slump as pretty much killed that. We also are blessed with having our largest trading partner immediately under us (geographically speaking). With only a population of 28 million and a national deficit (due to bailouts) of approximately 50 billion, we are poised to recover quicker than any of our G20 nation, competitors.
Does It need tariffs to protect its economy from Americas Influence or Domination
Well we are members of NAFTA and other than a few minor disputes over iron and soft wood lumber we usually enjoyed a great relationship and no other tariffs were needed or required. HOWEVER, we are freaked out by all the latest talk and bluster in the usa about buying american and american protectionist sentiment. We understand that americans need jobs too however we do have agreements and this could turn into a real regulatory mess if the us congress and lawmakers have their way and adopt the policy of protectionism.
Does Canada-Us Trade strengthen or weaken Canada's chances for survival?
Survival is a strong word. We depend on sales to the us and also purchase many american products. Canada would suffer more than the us if trade was to breakdown. Canada would survive and although the us would be hurt it would be able to withstand the blow better than canada would. The US however would have to find a new way to build houses as we aren't likely to keep shipping our lumber to you, oh and our water, and our oil and our natural gas...and a bunch of eh's? as well.Source(s): Life long Canadian.
- Anonymous1 decade ago
About 85% of Canada's exports go to the USA mostly in the form of raw materials and maufactured goods. Free trade has has helped
Canada's economy immensely. So, tariffs aren't in Canada's best interest.
The USA & Canada are each other's largest trading partner.
It has been debated for decades on whether or not Canada would survive as a nation but that is larely an academic debate.
- Anonymous1 decade ago
- WillLv 51 decade ago
Trade between Canada/USA is around $1,000,000.00/minute at least it was last summer,our Banks are quite healthy made a profit and required no government bailout,the Auto sector is another story of course. Canada has managed to stay afloat in this Recession at the cost of 650,000 lost jobs and a Federal government deficit of $50Bn.Back to your question 1.}Yes 2.]There aren't many one is Cultural that is why for example our Cable TV networks have Canadian content rules 3.] I suppose since the days of President Madison we have at times had our differences and have managed to stay independent from the U.S.,its good to be close to the U.S. just not too close
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- Rod JLv 61 decade ago
Canada doesn't have a "varsity".