The United States of America has become a major power in the world. The American economic industry has an important role to the Canadian economic industry, providing the majority of trades that Canada is involved in. The United States also has a major role influencing Canada's culture, through media the importance of the U.S. is presented. In politics, economics and culture, the United States has a large influence on many other countries especially its neighboring country Canada.
             Canada has a affluent, high-tech industrial economy that resembles the economy of the United States. Both Canada and the U.S. share a similar per capita output, market- oriented economic system, and use the same pattern of production. The U.S. has invested into the Canadian economy operating firms in telecommunications, broadcasting, publishing, energy, mining, and financial services. In a forecast made by the Bureau of Economic and Business Affairs of the U.S. Department of State, Canada's economy was projected to grow 3.6 per cent in 1999 and another 3.1 per cent in 2000. According to these projections Canada is in line with the United States to lead the OECD in economic output. Canada's import and export industries have benefitted from the strong U.S. economy, with 85 pre cent of Canada's exports going to the U.S. As the U.S. economy slows, Canada will suffer in its external trades. The neighboring countries have grown to become the largest bilateral merchandise tra!
             de relationship in the world, mainly because of its close proximity and integrated manufacturing sectors. In 1998, the U.S. and Canada was $368 billion in total two-way trade in goods and service, this is more than U.S. trade with the rest of the Western Hemisphere. The U.S. and Canada also share one of the worlds largest bilateral direct investment relationship. The stock of Canadian foreign direct investment in the U.S. was $75 billion, and the U.S. foreign direct investmen...