The degree of fuel import dependency in different regions of the world and the proportion of exports in total merchandise trade are given in Table 5. (greenfacts.org)
That works out to 67 percent of the value of Canada's total merchandise trade surplus with the U.S. of about C$ 76 billion — and 41 percent of U.S. crude oil imports in 2016. (cwf.ca)
Yesterday's International Merchandise Trade Annual Review from StatsCan confirms the Mel Watkins thesis that Canada is rapidly reverting to its historical role as a commodity producer for the global economy. (progressive-economics.ca)