Trade, Transportation and Energy:
Canada-US relations
Colin Robertson
NASCO Webinar July 16, 2016
Why We Matter To Each Other
If Each State Were a Nation
(GDP Equivalents)
Canada as export destination
Why We Matter To The U.S.
• Canada is America's closest ally
• Canada is US biggest export market
• Estimated 8 million U.S. jobs
depend on Canadian exports
• 1/3 of Canadian exports to U.S.
contain U.S. 'content’
– 40% of trade is intra-firm
• Canada is biggest source of US
imported energy
US Trading partners
Trade
Just the Facts
• Over 8 million U.S. jobs depend on trade and investment
with Canada
• Canada is the top export destination for 38 states.
• Canada is the U.S.'s largest customer, purchasing $233
billion worth of goods in 2012. This is more than China,
Japan and the U.K. combined.
• Canadian-owned companies in 17,000 locations across the
U.S. employ more than 619,000 Americans.
• Canada is the United States’ largest and most secure
supplier of energy: oil, natural gas, electricity and nuclear
fuel.
• 400,000 people cross the Canada–U.S. border daily
Source Canadian Embassy in Washington
BUT Asymmetrical
• Trade with the US represents almost 30%
of Canadian GDP.
• Trade with Canada represents 3% of US
GDP
• Canada is America's biggest export
market, taking 20% of US exports; US
takes almost 75% of Canada’s exports.
NAFTA trade
Canada-U.S. Intra-Firm Goods Trade
Supply Chain Dynamic …
We Make Stuff Together
NAFTA at 20
• Fourfold growth in
trilateral trade over the
last 20 years that now
exceeds a trillion dollars
• Next steps: Border,
Trusted Traveller, Energy
& Environment,
Transportation
And now the TPP
Transportation
Road
27
Energy
Electricity and the Power Grids
Crude Oil: Canada is the
largest source of US oil
imports, accounting for 38 pc
in 2014
• U.S. became a net refined
petroleum products
exporter in 2011 for the
first time since 1949,
helped along in part by a
sharp decrease in domestic
consumption due to
greater auto fleet mileage
fuel efficiency and higher
gasoline prices.
• Canada exports of crude
oil to the U.S. has soared
with oil sands production.
Canada now provides
more than 38pc of all U.S.
crude oil imports, vs. as
little as 11pc a decade ago
Natural Gas
• The 2014 Annual Energy
Outlook projects declines
in U.S. oil and natural gas
imports as a result of
increasing domestic
production from tight oil
and shale plays
• The United States is also
projected to become a net
exporter of natural gas by
2018.
Getting our Oil and Gas to Tidewater
“Not one giant national park for the northern half of North America …”
PM Harper Jan 16, 2012