Timeline of Canada’s trade history

Timeline created by Aiden Aprile
  • Jan 1, 1497

    John Cabot landing in Newfoundland

    John Cabot was a Italian navigator and explorers during the 1400s. He landed in Newfoundland looking for spices and ended up brining back fish. This ended up with hundreds of European fishers coming to Canada. The main fish that was caught was Cod.
  • Established first permanent settlement

    In the early 1600s the first permanent settlement gained control of fur trade in North America. Samuel de Champlain was sent by the French to gain control.
  • Radisson and des Grosillier

    In 1660, Radisson and des Grosillier were stopped from setting up their own company by the French.
  • Founding of the Hudson's Bay

    On May 2nd 1670 a new company was made by the King called Hudson's bay.
  • Formation of the North West company

    In 1779, a group of sixteen merchants came together to make the North West company which will become one of the main competitors during the time.
  • Canadian independence

    On July 18th 1867 Canada gained its independence making it an sovereign nation under the British North America Act
  • Treaty of Washington

    The treaty of Washington took place during 1871 creating fishing rights between Canada and the United States. As they was a issue with the U.S wanting to use Newfoundland land inshore fisheries. America was allowed this for 12 years.
  • Canadian Railway is finished being built

    The line through the pacific coast was finished on November 7th 1885. The line is over 4700 km long which was longer then the First transcontinental railroad in the United States. The railway allowed for people and goods to be transported from west to east coast. With that happening it increased more marketing and trade opportunities for Canadians.
  • Major events that affected or initiated the trade

    A major event that had tons of influence and affected the trade majorly was World War II. The war caused the trade to have a high use rate by having weapons, food, shelter always being traded between countries. The reason why the trade was used more was because people in the war needed certain things at certain times such as food or bullets.
  • Canada US Auto pact {automotives products trade agreement}

    In the later 1900s US has become to be known as one of the largest automobile producer in the world so that's why Canada signed an agreement with the United States to help grow their car industry. If any automobile was made in either countries it would end up being duty free thanks to the agreement.
  • NAFTA comes into the picture

    In 1994 the NAFTA {North American Free Trade Agreement} was created. It was created to help benefit the living strandres for the countries within the North American boundary also boosted the economy. It helped increase the trade between the countries and as well removed various trade treaties over time.
  • Global recession leads to Canada fixing their relationship with China

    The global recession began in 2008 which caused the current Prime minister at the time Stephen Harper to try and have a more positive relationship with China. During the recession Canada's economic issues were bad while China's stayed high and positive. Harper later realized that a mutually beneficial relationship would be good and beneficial for both countries. After this happened it lead China to become Canada's became the second largest importer/exporter
  • Canada and Japan Trade Relations

    Trade and economic relations between Canada and Japan have been rising over the past years. Canada's exports of goods total off at 12.9 billion in 2018, while imports to Japan were 16.8 billion. Also, a foreign direct investment from Japan into Canada valued at 29.6 billion in 2017.
  • Canada-EU Comprehensive Economic and Trade Agreement {CETA}

    In 2017 Canada joined the CETA with Europe. With this agreement being put in placed 98% of tariffs on all traded goods with partners of this agreement. The UK sees a future of $2.15 billion annual boost of its economy.
  • Canada-United States-Mexico Agreement

    The agreement consisted of similar aspects of the NAFTA but as well had new parts of it to keep up with changing times.
  • The three largest import and export industries in 2019

    Exports:

    Crude Oil Value: $68,053,175,000
    Cars Value: $40,701,708,000
    Gold Value: $15,344,849,000 Imports:
    Cars Value: 28.5 billion
    Delivery Trucks: 15.6 billion
    Refined Petroleum: 12.1 billion Source:https://oec.world/en/profile/country/can/
  • Canada's three largest trading partners

    United States: Exports: 297,260 Imports: 210,915
    European Union: Exports: 41,827 Imports: 52,288
    China: Exports: 15,359 Imports: 48,593 Source:https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_Canada