Thursday, 19 January 2017

Question 3



Q: What role did the United States play in the Canadian economy during these years?



A: The US bought an extreme amount of oil and gas, and invested heavily into the industry, as they needed the resources for war.  This allowed the Canadian oil and gas industry to be developed heavily, and help the economy tremendously for a long time.  It furthered our trade partnerships, that had only been truly developed circa World War II, and set the stage for our future trading opportunities.

The auto pact that was created in 1965 also helped the Canadian economy by supporting trade of cars with the US and Canada, allowing for both countries to benefit greatly from the needs and strengths of either country.

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