51st state. It is almost impossible for Canada to say no to the US on any range of issues. But on occasion we do. For example, Cuba is a friendly nation to Canada, while a pariah in the eyes of the US. Since our economic policies are similar does not mean that our foreign policy has to be. Another issue with international trade is the problem of foreign ownership of Canadian businesses. About 60% of manufacturing in Canada is foreign-owned and many of the larger corporations operating in Canada leave the real innovation, research and development and product development to the US parent. The growing foreign ownership of Canadian businesses is a cause for concern, because it hinders our ability to be trailblazers in any industry. The important developments would not be in Canada rather in most likely the US. Another phenomena is the propensity of our economic patterns to trade in a north south fashion rather than and east west way. Before NAFTA Canada traded within itself very well. Now that is just the past. Canadians trading with Americans now is second nature. In conclusion, Canadas desire to remain an economically independent nation has to be tempered by their desire to be a wealthy nation as well. Becoming a wealthy nation means becoming economically dependant on the US. Foreign ownership is on the rise in Canada, our vast natural resources up for grabs by the energy hungry US and there are less and less restrictions every day for trade within North America. NAFTA has created a good environment for Canada thrive, exports are increasing and we are exporting a safe amount, as not to deplete or decimate any one of our natural resources. Canada is in a good position. We have a small population, great resources and neighbours who have an insatiable need for our goods. Unfortunately this may mean giving up some of our Canadian identity, as if that hasnt already happened. Yes, our import and exports are mainly to one country, the US, but w...
