Why is trade with other countries important to Canada?
- It drives economic growth and maintains our standard of living
- It lets Canadians travel without passports
- It lowers all taxes to zero
- It removes the need for natural resources
Answer: It drives economic growth and maintains our standard of living
Trade with other nations drives Canada’s economic growth, and Canadians could not maintain their standard of living without it. Today Canada enjoys one of the world’s highest standards of living, kept up by hard work and by trade, especially with the United States.
Learn more: A trading nation
- Canada has always been a trading nation.
- Commerce (trade) remains the engine of Canada’s economic growth.
- Canadians could not maintain their standard of living without trade with other nations.
- Today Canadians enjoy one of the world’s highest standards of living, kept up by hard work and by trade, especially with the United States.
- Canada has one of the ten largest economies in the world.