Presentation on theme: " Economic boom of the 1950s & 1960s fuelled by trade with the USA 1965 – Can. signs Auto Pact with USA = allows American auto companies to build plants."— Presentation transcript:
Economic boom of the 1950s & 1960s fuelled by trade with the USA 1965 – Can. signs Auto Pact with USA = allows American auto companies to build plants in Canada and sell cars duty-free in both countries = for every car that American companies sold in Canada, they had to build a car in Canada = 60% of the parts and labour on cars built in Canada had to be Canadian
FIRA (Foreign Investment Review Agency) set up in 1973 by Trudeau to ensure that foreign investment in Canadian companies would benefit Canadians
NORAD, NATO Suez Crisis Disagreements recently on exports – USA law forbids American companies from selling goods to “enemy” countries and believes that Canadian branch plants must obey this law as well
= unrestricted passage of goods across the border This agreement was put into place in 1989 Advantages for Canada: -access to American goods -economic growth Disadvantages for Canada: -integration with American economy
Melting pot vs. Cultural mosaic Music industry, film industry, television and radio industries, sports What do we know about our neighbours? What do they know about us?