(Download) "New Realities at the Canadian-U.S. Border." by Canadian Parliamentary Review # Book PDF Kindle ePub Free
eBook details
- Title: New Realities at the Canadian-U.S. Border.
- Author : Canadian Parliamentary Review
- Release Date : January 22, 2002
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 235 KB
Description
The September 11, 2001 terrorist attacks against the United States brought traffic at the border to a screeching halt and Canada's economy grinding to a standstill. In the immediate aftermath of the attacks lineups stretching to 12 miles and delays of up to 18 hours were the norm at the 49th parallel. Traffic volumes fell significantly, some Canadian plants were forced to temporarily reduce or stop production, consumer and investor confidence declined sharply. This article looks at what Canadian industry has done to overcome the challenges posed by new realities at the Canada-U.S. border. It also examines the larger issue of how to best define Canada's place, as a sovereign nation, within an increasingly integrated North American economy? A million dollars of trade takes place between Canada and the United States every minute--$1.7 billion a day--and there are 200 million border crossings a year. To put it in perspective, the U.S. does more two-way trade across the Ambassador Bridge between Windsor and Detroit than it does with any other country. We sell more of our industrial output--63%--to the United States than we consume at home, making Canada our own second-largest market. In total, the Americans buy about 83% of our exports of goods and services, amounting to 38% of our GDP. We are also increasingly dependent on the U.S. for our imports. Over 72% of the goods and services we import, amounting to 30% of our GDP, come from the United States. What is more, the U.S. is Canada's primary source of foreign investment. It accounts for 64% of foreign direct investment here and 58% of total foreign investment stocks in this country.
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