How The Canadian Economy Is Dependent On the U.S Economy

The Canadian economy is determined largely by the United States economy threw the North American Free Trade Agreement (NAFTA) and the Free Trade Agreement (FTA). The North American Free Trade Agreement was an agreement that came into effect on January 1,1995 which involves Mexico, Canada and the United States of America. This agreement is said to produce 1 billion to 3 billion dollar gains in each country. NAFTA ensures that a certain amount of goods produced and traded …

…and the Dow Jones the same usually occurs, when the Dow Jones increases so to will the TSE. As you can see the Canadian economy needs the U.S economy, the two have become interconnected. The Canadian economy needs the high population and the high incomes that the U.S has to offer. While the U.S economy needs the Canadian auto sector and the fast natural resources that the Canadian economy has to offer.