Importance of Trade in Canada Research Project
... Therefore, Canada and most of the world slipped into a recession. ... · Canada’s total imports also rose steadily from $237,688,600,000 in 1996 to $363,431,800,000 in 2000. ... · Between the years of 1996 and 2001, Canada imports to the US were between 72. ... · Overall, Canada exports more than it imports, creating a positive total balance of trade. · In addition, the Canadian balance of trade with the US is positive, indicating that Canada exports more than it imports from the US. · On the other hand, Canada imports more than it exports from the rest of the world, resulting in a negative trade balance with the “rest of the world.” · From 1996 to 1997 there was an increase in the total imports versus total exports, resulting in a decrease in the trade balance. However, the total trade balance, as well as, the trade balance with the US had increased steadily since 1997. In addition, the trade balance with the “rest of the world” has increased steadily, negatively since 1997. This indicates that since 1997, Canadian exports have climbed steadily to the US, resulting in the increase in total trade balance and trade balance to US.