Beyond the news headlines, $3.6B in Canada/US trade
It’s hard to have a conversation these days that doesn’t veer into Canada/US relations. Looking past the political chirps, here are some of the numbers behind what’s at stake for business.
The Chamber’s national network has introduced the Canada-U.S. Trade Tracker — to illustrate the ties between our two economies.
“The stakes couldn’t be higher,” Canadian Chamber President and CEO Candace Laing said. “Tariffs and trade barriers jeopardize jobs, industries and families across both sides of the border. The Canada-U.S. Trade Tracker gives us the tools to push back with facts, showing just how much we all stand to lose when imposing taxes on prosperity.”
Every day, $3.6 billion in goods crosses the Canada-U.S. border, fueling a $1.3 trillion annual trade relationship. This partnership supports:
- 1.4 million US jobs tied to Canadian exports.
- 2.3 million Canadian jobs tied to US exports.
- 50% of bilateral goods trade between related companies, underscoring the depth of integration between our economies.
A 25% tariff could shrink Canada’s GDP by 2.6%, costing Canadian households an average of $1,900 annually. For the US, this would mean a 1.6% GDP drop, with families losing $1,300 per year. Beyond the economic impact, tariffs would disrupt industries like automotive, agriculture, and energy, making everything from groceries to cars more expensive.
