Exploring Canada's Trade:
How is Canada connected to the world?
By the end of this lesson I will:
1. Know who Canada does trade with.
2. Know what Canada is importing and exporting.
I will be able to answer the question:
"In the year 2030, what will be Canada's most important industrial sector?"
Minds on: Sequencing
Define the following key terms into your notebook:
Gross Domestic Product
Gross Domestic Product per capita
Understanding GDP & GDP per capita
Gross Domestic Product (GDP) is calculated by adding:
1. Public consumption
2. Government expenses
4. Net exports (exports-imports)
GDP per capita is a measure of the nation's GDP divided by the nation's population. This allows us to compare nations.
How Does Canada's Wealth Compare Internationally?
Using the link, Economic Indicators, find the answers to the following questions:
1. What is Canada's GDP and GDP per capita?
2. Where does Canada's GDP rank internationally? Who is in the top five?
3. Does Canada have a trade deficit or surplus?
Who Are Canada's Trade Partners?
Record the following information:
What is the value of Canada's total exports?
Write down the top 5 nations Canada exports goods and services to and record the $ value. Convert this to a %.
What is the value of Canada's total mports?
Write down the top 5 nations Canada imports goods and services from and record the $ value. Convert this to a %
Canada's Top Exports & Imports Graphing
What is Canada selling (exports)?
Are most of our exports natural resources, manufactured products or services? Using the link below, group Canada's top 10 exports into one of the four industrial sectors.
What industrial sector generates the most of our exports?
Canada's Top Imports
What is Canada buying (imports)?
Canada-United States Relationship
Watch & Respond:
1. What type of items is Canada trading to the United States?
2. What type of items is Canada purchasing from the United States?
3. Write down 2 interesting facts from the second video that demonstrate how important trade is between the two nations is.