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after Columbus success in exploring and exploiting its riches, other explorers set out to find what lay across the ocean
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Once permanent settlement were established in Halifax, Montreal, Quebec, Ottawa, Kingston and Toronto. Finishing good from British or French businesses, the demand in Europe for raw materials from Canada grew rapidly. Canada's history connection strong; it is currently one of Canada's top five trading partners. Traders needed to settle near water, as they relied on ship to send their raw product back to Britain or France. This is why many major Canadian cities have ports
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One year before the American won independence, James Watt invented the stream machine.
American Eli Whitney invented the cotton gin in 1794, making the cotton industry the profitable backbone of the Southern States.
Canada also became a supplier of raw materials ( notably wheat and timber) to manufacturers in the United State -
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Canada started trading with Japan after World War 2, when Japan's economy industries were rebuilt after being virturlly destroyed by Allied bombing. Japan's economy grew rapidly. Japan modern factories began to produce high-quality electronic products
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1993 - Canada signed the North American Free Trade Agreement (NAFTA) which worked to eliminate all tariff barriers among Canada, the United States and Mexico by 2008. This led to a huge rise in trade with the countries but mainly between Canada and Mexico.
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The U.S continues to be our largest trading partner, and American brands can be found everywhere in Canada. The United State still relies upon Canada meterials, notably oil and water. Canada's exports to the U.S amouted to $375 billion, and our import from the us were $227 billion
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Today, China is one of Canada top five trading partners, accounting for over $42 billion in import, and $10 billion in export
Canadian business imported $15 billion worth of goods from Japan, and exported $11 billion goods to that nation -
Import from Mexico rose from $13 billion in 2004 to almost $18
Canadian exports to Mexico have increased, from just over $3 billion in 2004 to just under $6 billion -
Canada-India comprehensive Economic partnership agreement.
United State was the largest partner with Cananda -
Canada and European commission sight a trade agreement
