A trading nation
Canada was largely founded on trade, and its economy is still driven by business. Canada’s high standard of living is maintained by trading with other nations. Canada signed a free-trade agreement with the United States in 1988. Mexico joined the agreement in 1994, to form the North American Free Trade Agreement (NAFTA), which governs the trade of countries containing more than 444 million people and over $1 trillion worth of commerce.
Canada is one of the world’s top 10 economies and belongs to the G8 group of industrialised countries with the other members being France, Germany, Japan, Italy, Russia, the UK, and the USA.