Minister Morneau Promotes Strong Canada-U.S. Relations in Meeting With Governor Pete Ricketts of Nebraska
August 8, 2017 – Toronto, Ontario – Department of Finance Canada
Canada and the United States have one of the most productive, interconnected and enduring economic relationships in the world. The continued investments in the middle class by the Government of Canada help create jobs now and prepare Canadians for the jobs of the future.
Finance Minister Bill Morneau today met with the Honorable Pete Ricketts, Governor of Nebraska, who was in Toronto as part of a trade mission to Canada. The Minister reaffirmed the strong relationship between the U.S. and Canada, which delivers economic activity and good jobs to every corner of both countries. The Minister highlighted the US$1.9 billion in annual bilateral trade between Canada and Nebraska, as well as the 57,400 Nebraska jobs that depend on trade and investment with Canada. Canada is one of Nebraska's top two export markets, with a trade relationship centred on agriculture, and integrated supply chains.
Canada and the U.S will keep working together to achieve our shared goal of creating good, well-paying jobs and improving the lives for the middle class on both sides of the border.
"Canada and the United States enjoy one of the strongest partnerships of any two countries in the world. As we begin our work to modernize, renew and improve the North American Free Trade Agreement, we will continue to advance our historic friendship with the United States in a way that benefits the middle class in both of our countries."
- Bill Morneau, Minister of Finance
- Canada and the United States share a longstanding relationship, through people-to-people ties and a strong trading and investment relationship. For example:
- Nearly 9 million American jobs depend on trade and investment with Canada.
- Canada and the U.S. have the largest, two-way, balanced trading relationship in the world, with CAN$2.4 billion worth of goods and services crossing the Canada-U.S. border every day, for a total of nearly CAN$882 billion in two-way trade in 2016.
- The majority of U.S. states count Canada among their top trading partners.
- Canada and the U.S. benefit from a highly integrated manufacturing sector, with products crossing the border several times before final assembly and sale in both countries.
Media may contact:
Office of the Minister of Finance
Department of Finance Canada