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The Canada-U.S. trade relationship is the largest ever to exist between two nations. Two-way trade in goods and services between Canada and the United States during 2000 was estimated at approximately C$700 billion, or almost C$2.0 billion per day. Of Canada's 2000 imports, 74 percent came from the U.S., while 86 percent of Canada's total exports were shipped to the United States. The volume of Canada-U.S. trade last year was far greater than the total amount of Canada's trade with all of its other trading partners combined.

Canada and the United States have long been very active trading partners. In historical terms, Canada has been the leading foreign export market for U.S. goods since 1946, while the United States has been the number one destination for Canadian exports since 1942.

The implementation in 1965 of the Auto Pact, which established free trade in automobiles between Canada and the United States, served to promote the already strong economic ties between the two......

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Approximate Word Count: 496
Approximate Pages: 2 (250 words per double-spaced page)

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