• Canada–U.S. trade supported 7.1 million U.S. jobs
• Total Canada–U.S. merchandise trade: $535 billion
• 14,000 Wyoming jobs are supported by Canada–U.S. trade
• Canada is Wyoming’s largest foreign export market
• Canadians made more than 92,100 visits to Wyoming, spending $19 million
• Wyoming residents made 12,600 visits to Canada, spending $12 million

A Close Relationship

In 2007, Wyoming and Canada continued their long-standing trade relationship with $3 billion in exchanges. Canada was the Cowboy State’s top recipient of foreign–bound goods, purchasing 29% of Wyoming’s worldwide sales. Wyoming sent $372 million in merchandise northbound over the last year and bought $2.6 billion worth. In fact the partners traded $8 million in goods on a typical day.

An energy partnership

Continuing the trend, energy flows dominated the exchange in 2007 as two–way trade approached $2.3 billion. Canada — the United State’s largest supplier of oil — shipped $2 billion in crude petroleum to Wyoming, primarily from the western provinces of Alberta and Saskatchewan. Crude petroleum purchases accounted for 77% of the state’s total imports from Canada.

Similarly, energy resources also represented the state’s leading export sector. Coal, the state’s leading export commodity, brought $207 million to Wyoming’s economy, and crude petroleum, another $17 million. The state’s energy products accounted for 62% of Wyoming’s total exports.

Building a strong future

In 2007, Canada and Wyoming profited from trade in heavy machinery. Bilateral sales in machines soared to $235 million, an increase of 47% from the previous year. Wyoming supplied its northern neighbor with pumps (excluding oil well pumps), drill machinery and bits, mining machinery and more. The state also looked to Canadian manufacturers for expertise in heavy machines, importing mining machines ($57 million), engines and turbines ($21 million), and machinery handing machines and equipment ($11 million).

Wild, wild West

Old Cowboy towns and the Yellowstone National Parks welcomed Canadians who made 92,100 visits in 2007 and contributed $19 million, delighting in the state’s tourism attractions. Similarly, residents of Wyoming crossed the 49^th Parallel, making 12,600 visits to their Neighbor Next Door and spending $12 million.

Canada–Wyoming Success Stories

In April 2007, ILI Technologies Corp. (Calgary, AB), a rapidly emerging small–cap company specializing in the provision of innovative products to the oil and gas sector announced that a larger facility was acquired in Gillette, WY due to recent sales growth and increasing demands on inventory, manufacturing, and testing requirements. The new facility will consolidate the company’s operations under one roof, allowing for better inventory control and improved performance and efficiencies. The company was selected to supply a major oil and gas company in the state with Thermoflex Piping starting in March 2008. This project, which is ILI’s first major Thermoflex contract outside of Mexico, is expected to run for approximately 30 months and represents the opening of a major new market as Thermoflex Piping gains international acceptance.

In November 2007, Strathmore Minerals Corporation, a Canada–based resource company specializing in the strategic acquisition, exploration and development of uranium properties in the United States announced that its subsidiary, Strathmore Resources (US) Ltd. completed the acquisition of the New Rock Hill Uranium Mine and associated mining claims from the Elmhurst Financial Group. This project is strategically positioned northeast of the company’s 100% owned George Ver deposit in the Gas Hills Uranium District of the state, the company’s primary area of focus for near–term uranium development and production. Headquartered in Kelowna, BC, Strathmore Minerals Corp. also has U.S.–based development offices in Riverton, WY.

In September 2007 CP Rail announced it was acquiring Dakota, Minnesota & Eastern Railroad (DM&E). CP will expand DM&E’s network into Wyoming’s coal-rich Powder River Basin and begin transporting the region’s low-sulfer coal to eastern markets.

June 2008

Tourism

• 92,100 Wyoming visits by Canadians, $19 million spent
• 12,600 Wyoming visits to Canada, $12 million spent

Jobs

• Wyoming jobs supported by Canada–U.S. trade: 14,000

Merchandise Trade

• Exports to Canada: $372 million
• Imports from Canada: $2.6 billion
• Bilateral trade: $3 billion
• Largest export market: Canada

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Merchandise trade and tourism figures are from Statistics Canada, converted at the rate of US$1.00=C$1.0749. Merchandise trade is based on total exports and imports for the year 2007. Job numbers are based on 2005 data from a 2006 study commissioned by the Canadian Embassy. Canada’s export ranking is from the World Institute for Strategic Economic Research (WISER). All figures are in U.S. dollars. Figures may not add up due to rounding.