Canada, the closest trading partner with the U.S. thanks to NAFTA, is the second largest economy by land mass and the tenth largest economy by gross domestic product. US-Canada bilateral trade amounts to $1.4 billion per day with around 400,000 people crossing the border daily. Seventy five percent of Canada’s exports go to the U.S. while seventy five percent of its imports come from the U.S. Canada is also U.S. largest investment destination. Though the U.S. and Canada are both highly industrialized and affluent society and are highly-integrated, Canada and its banks fared much better than their counterparts in the U.S. during the global financial crisis.
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