Trade between the United States and Canada is huge and growing. In 2011, our two-way trade was $689 billion. To put that into context, that’s $1.9 billion a day — or $1.3 million every single minute.
In fact, the total value of merchandise trade that crosses the Ambassador Bridge between Windsor and Detroit each year — a single crossing point — is more than the total value of all of the trade between the US and the United Kingdom.
Trade creates jobs in the U.S. Our economic relationship supports over 8 million U.S. jobs. That’s 4.5% of total U.S. employment — 1 in 23 American jobs is supported by free and open trade with Canada. What’s more, Canadian-owned business support close to 500,000 employees in the U.S., providing jobs in every state.
These are just some of the key findings in the latest U.S.–Canada jobs study. These updated figures reaffirm the fact that the U.S. and Canada continue to enjoy the world’s largest and closest trade relationship, and that our integrated economies are the cornerstone of our mutual prosperity. The U.S. and Canada create jobs together.
Every state has shared in the job gains.
Canada is the largest customer for U.S. products, and this important trade relationship has a positive effect on employment in every state. In fact, 35 states count Canada as their top export market.
That is why our shared border must continue to remain open to trade. Any government policy that reduces trade between Canada and the U.S. would cost jobs in every U.S. state — jobs in areas as diverse as energy, manufacturing, transportation, warehousing, finance and advertising amongst many others.
The study is available at: http://monash.edu.au/policy/canada_us_trade.pdf