Over the past few decades, Canada's overall trade balance has generally been favourable, but only because we export so much more to the U.S. than we import from the U.S.

Question

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Canada has had a trade surplus with the U.S. for many years, which has helped to offset trade deficits with other countries. Overall, Canada's trade balance has been positive in recent years due to the strength of exports to the U.S.

Over the Past Few Decades, Canada's Overall Trade Balance Has