Canada’s Economy Flashcards
1
Q
With which countries does Canada enact free trade?
A
- United States
- Mexico
2
Q
In which year did Canada enact free trade with the United States?
A
1988
3
Q
In which year did Canada enact free trade with Mexico?
A
1994
4
Q
What is the North American Free Trade Agreement (NAFTA)?
A
Free trade agreement between Canada, United States, and Mexico.
5
Q
What is the G8 group?
A
Group of leading industrialized countries (Canada, United States, Germany, United Kingdom, Italy, France, Japan and Russia).
6
Q
What are the three main types of industries of Canada’s economy?
A
- Service industries (transportation, education, health care, construction, banking, communication, retail services, tourism and government)
- Manufacturing industries (paper, high technology equipment, aerospace technology, automobiles, machinery, food, clothing, etc)
- Natural resources industries (forestry, fishing, agriculture, mining and energy)
7
Q
Which country is Canada’s largest trading partner?
A
United States
