Trade and Investment
The Canada-U.S. trade and investment partnership
Canada and the United States enjoy an economic partnership unique in the contemporary world. We don’t just share a border or a history, we also share the greatest bilateral trading relationship in the world:
- In 2012 our bilateral trade was $710 billion, with $1.9 billion worth of goods and services crossing the Canada–U.S. border every single day.
- Free trade has been good for our countries. Canada–U.S. Bilateral trade is more than two and a half times greater than prior to signing the Free Trade Agreement.
Canada–U.S. trade is highly integrated, with products crossing the border eight times before being finished (Industry Canada).
Even more impressive, a 2012 study found that trade with Canada supports over 8 million jobs in the United States.
Find out how much trade each state does with Canada using our State Trade Fact Sheets.
The strength of the Canadian economy has been demonstrated as we move into economic recovery:
- Thanks to good planning, Canada will soon boast the lowest corporate tax rates on job-creating business in the G-7.
- Canada’s national debt and annual deficit are the smallest in the G-7... by a lot. Next year, our deficit will be only 2.8% of GDP. Our strong fiscal position means that we can keep taxes down.
- Don’t take it from us alone. The Economist Intelligence Unit says Canada will be the best place to do business over the next five years.