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both have high standard living, vast resources, and have free trade between the countries (NAFTA)
The US needs different oils and minerals and Canada needs different types of foods. NAFTA helped a lot.

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13y ago
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11y ago

The Canadian economy has grown in parallel to that of the American economy, the largest in the world. This explains how such low populated country has achieved one of the largest economies in the world. The two countries' economies are heavily based on one another, especially with them being very large trading partners. This is mainly due to the two countries also being very close allies (perhaps each others closest allies), so the two do very much together, including economic activities.

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Q: How are the economies of the US and Canada linked?
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