http://money.canoe.ca/News/Economy/2009 ... 86-cp.htmlQuite a drop in 5 yrs. time. This is for 2008 too, could be even less in 2009.
I wonder how much of this is due to the tighter border with all the Homeland Security rules and regulations?
The politicians will say not much but I'm not so sure.
$this->bbcode_second_pass_quote('', 'O')TTAWA - Canada's reliance on the United States as a trading partner fell even further in 2008 as American automobile and housing markets declined during the economic downturn.
Statistics Canada reports the United States accounted for less than two-thirds - 65.7 per cent - of Canada's total merchandise trade (exports and imports combined) in 2008.
That's down from 67.2 per cent in 2007 and 74 per cent in 2003.
The agency says exports to countries other than the United States have been growing for six years, representing 22.3 per cent of total exports in 2008, up from 14.3 per cent in 2003.
Leading the gain for Canada's exports from 2007 to 2008 were the Asia Pacific countries - mainly Japan - and Brazil.
Exports to Japan increased 20.2 per cent from 2007 to $11.1 billion, driven by coal, canola, and wheat, while exports to China totalled $10.4 billion in 2008, up 9.1 per cent.
Canada's exports to Brazil increased 70.7 per cent from 2007, led by potash, used as a fertilizer, as well as coal and newsprint.
snip....