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French and British explorers arrive
During the 1600's, European explorers sail to Quebec using St. Lawrence River for fur as well as food to take back to their home countries. As a result of the success, people then started moving to Canada to settle and start new lives. -
Hudsons Bay Comany is formed
Radisson and Groseilliers where the french explorers who explored the bay and discovered that the area was rich with furs due to the cold conditions of the settlement. England then later formed a trade monopoly ( control of goods and services) with Canada for fur. -
Permanent settlement
European people started settlement around Canada. Montreal, Halifax, Quebec and Toronto are some of the major locations that the people settled in. As a result of settlement, this meant that trade grew rapidly. this means that manufacturing goods in Canada fell and the demand for raw materials (the fur) in European economies rose. -
Trade with the U.S.
Canada started trading raw materials such as wheat and timber to the U.S. in the late 1700's and early 1800's. The Canadian economy was dependant on the European trade as Canadian businesses were resource based, only producing oil, coal and agricultural products. -
Trading with Asian
After Japan's economy rapidly grew, they started producing electronic products that were of good quality such as televisions, radios and cameras. this then made Japan one of Canada's top trading partners. Canada also exported goods in the modern century into Japan as a total of $10 billion in exports was exported to Japan in the year 2008. -
North American Free Trade Agreement (NAFTA)
With NAFTA in place, this means that goods made in Mexico, Canada and the United States are allowed to enter for free but only in North America. The rate of Trade increased and made Mexico one of Canada's top trading partners. -
African Trade
Canada and most African nations both produce raw material so trade is less likely to happen. However Canada mainly trades with South Africa when trading in Africa. Canadas major imports include gold and oranges and their exports which are sulphur and barley. -
Trading with the upcoming Middle East
Trade became restricted between the Middle East and Canada due to war religion and race. However, Canadas main trade with the Middle East is oil but in 2008 Canada exported goods to Dubai worth $ 1.4 billion. -
Modern Canadian Trade
Canadas trade deficit (where imports exceed exports) is widening and is experiencing its biggest gap with a total of $ 3.6 billion. exports have gradually been decreasing from the last 5 months.
