The proper name for Canadian currency is the Canadian dollar. The proper name for Canadian currency is the Canadian dollar. Some other nicknames include.

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Presentation transcript:

The proper name for Canadian currency is the Canadian dollar. The proper name for Canadian currency is the Canadian dollar. Some other nicknames include buck and loonie Some other nicknames include buck and loonie

Canada has a mixed market economy Canada has a mixed market economy What is a mixed market economy? What is a mixed market economy? A mixed market economy uses more than one economic system. A mixed market economy uses more than one economic system.

Canada is rich in natural resources. Canada is rich in natural resources. What are they? What are they? ANSWER: timber, gold, oil, nickel, diamonds, lead, and uranium. ANSWER: timber, gold, oil, nickel, diamonds, lead, and uranium. Canada is one of the biggest producers of wheat in the world! Canada is one of the biggest producers of wheat in the world!

What is a trade barrier? What is a trade barrier? Name examples of physical barriers. Name examples of physical barriers. rivers, lakes, oceans, and mountains. rivers, lakes, oceans, and mountains. Name examples of economic barriers. Name examples of economic barriers. tariffs, taxes, and quotas. tariffs, taxes, and quotas. What are Canada’s Trade Barriers? What are Canada’s Trade Barriers?

Canada has few physical trade barriers with the United States.

Canada must cross large bodies of water or fly long distances to trade anywhere else in the world other than North America. Canada must cross large bodies of water or fly long distances to trade anywhere else in the world other than North America.

N.A.F.T.A.- N.A.F.T.A.- North American Free Trade Agreement. North American Free Trade Agreement. What did it do? What did it do? Eliminated tariffs on goods traded between The United States, Canada, and Mexico. Eliminated tariffs on goods traded between The United States, Canada, and Mexico. Gives Canada incentive to trade with the United States. Gives Canada incentive to trade with the United States.

The United States- The United States- all of the valuable natural resources that Canada has to offer! oil, gold, diamonds, and lumber all of the valuable natural resources that Canada has to offer! oil, gold, diamonds, and lumber Canada- many things that the United States produces. Canada- many things that the United States produces. Examples include automobiles, steel, airline industry, computers, electronics, and mining. Examples include automobiles, steel, airline industry, computers, electronics, and mining.

What is a Loonie? What is a Loonie? What did N.A.F.T.A. do? What did N.A.F.T.A. do? Name two physical trade barriers that Canada has with the United States? Name two physical trade barriers that Canada has with the United States? How does the United States benefit from trade with Canada? How does the United States benefit from trade with Canada? What is an economic trade barrier? What is an economic trade barrier?