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ca_181
Canada's Economy › Economy
What is Canada's economic relationship with the United States?
- Minimal trade with most exports going to Europe
- A relationship managed entirely through the Commonwealth
- Canada and the US share the world's largest trading relationship, with billions of dollars in goods and services crossing the border daily
- A competitive relationship with high tariffs protecting Canadian industries
Why this is the correct answer
Canada and the United States share the world's largest bilateral trading relationship, with hundreds of billions of dollars in goods, services and investment crossing the border each year. The relationship was formalised through agreements including the Canada-United States-Mexico Agreement (CUSMA). The US is by far Canada's largest export market, and trade with the US affects virtually every sector of the Canadian economy.