1 of 24

Slide Notes

DownloadGo Live

canadian trade patterns/policy

Published on Dec 19, 2015

No Description

PRESENTATION OUTLINE

canadian trade patterns/policy

mr. melkonian
Photo by Karen Roe

merchandise trade

goods grown, extracted or manufactured in a country
Photo by frankieleon

visible trade

items are tangible
Photo by e_walk

non-merchandise (invisible)

service, tourism, investment, transfer of funds

no tangible items being exchanged

but money is still flowing - tougher to document/measure
Photo by Cola21

if canada ordered a bmw - easily tracked import

if i went to germany and purchased clothing harder to track
Photo by marcp_dmoz

volume and value of exports must equal imports

because one country's imports are by default another's export

balance of merchandise trade

difference between value of import/export

when exports are greater than imports

country is said to be in a good position

won't always be in equilibrium however

most of the time canada does well for merchandise
Photo by Ella's Dad

for non-merchandise... not so much

interest, divident payments to foreign investors - gap getting bigger
Photo by marcusuke

most of our exports from?

Canadian Exports

Canadian Imports

industrial materials export

  • fertilizer
  • iron
  • steel
  • aluminum
  • nickel
  • copper
  • other metals

energy

  • natural gas
  • petroleum

food products

wheat, fish (he doesn't look happy...)
Photo by Novowyr

haters saying we should...

sell to world demand, semi-processed goods and buy them back when they are complete

domestic jobs are lost

mortgage our future - shouldn't use our finite resources like this

over the years

tariff have gone down significantly

when tariffs were high

idea was to protect national development of economy
Photo by uSwitch

ended up with the great depression instead

Photo by onohoku

general agreement on tariffs and trade (gaat)

international agreement to reduce trade barriers - helped out everyone
Photo by EmpororHarry

pg 389

q 1-4