Gilbert A...

Bye Bye Greenback

Hi, Fitzman.

Since I can remember about trade balances from US and Canada. Canada received always more. It is not due to Nafta or else.

But with such a large trade deficit with Canada from maybe 40 years, We canadians should a whole lot richier, our currency should roof top.

And it is not the case.

US has trade deficit with Canada, Yes. But they have mainly trade deficit with US company doing business in Canada.

When GM Oshawa, Ontario send a car to Detroit, Michigan. It is a trade deficit for the US. But it is still GM.

Same for Oil, Exxon is Imperial oil, afterall.

The majority of big companies in Canada are in fact american ones.

All these profits going back to american shareholders, then balance trade deficit could be seen in a different perspective.