Essay On Canada's Global Connection

The global connections that Canada has with other countries greatly impact the country as a whole. First of all, Canada imports many different products from other countries. These include a wide variety of tropical fruits, machinery, and many different kinds of minerals. This allows Canada to make domestic income in its economy while also supporting the exporter at the same time; strengthening their relationship. Also, in free trade situations, both Canada and the other country benefit from mutual gains of importing and exporting (Canada receiving products and the other country receiving money). Likewise, Canada exports a wide variety of commodities to different countries. The products that Canada exports include oil, lumber products, and a
This allowed Canada to increase trade with these countries due to the removal of tariffs and greatly boosted Canada’s economy. In fact, 1 in 5 jobs in Canada have become related to trade after NAFTA was agreed on. However, global connections between some countries have had some negative effects on Canada. For example, Canada also outsources some of its jobs to other countries. The types of jobs that are outsourced include tech support jobs and manual labor. While this may benefit Canada economically, it reduces the amount of jobs that are available to Canadians; and has been the subject of some controversy due to a decline in economy. Moreover, due to the absence of Free Trade agreements with some other countries, trade between certain countries is sometimes discouraged. This means that Canada along with the importing or exporting country has to pay tariffs on goods. Therefore, Canada does not usually trade with these countries, weakening the relationship between them and the potential increase in economy as a result. Finally, some of the trade agreements between Canada and the U.S.A regarding natural resources have resulted in Canada benefitting