Search for "Free Trade"

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Canada and NAFTA

The North American Free Trade Agreement (NAFTA) is an economic free trade agreement between Canada, the United States and Mexico. Designed to eliminate all trade and investment barriers between the three countries, the free trade agreement came into force on 1 January 1994. In addition to being one of the most ambitious trade agreements in history, NAFTA also created the world’s largest free trade area. It brought together two wealthy, developed countries (Canada and the United States) with a less developed state (Mexico). The agreement built on the earlier Canada-US Free Trade Agreement (CUSFTA), which came into effect on 1 January 1989. After NAFTA was signed, trade and investment relations between the three countries expanded rapidly, but political co-operation remained weak. NAFTA continued to be controversial, particularly in the United States. In 2017, US President Donald Trump threatened to renegotiate or cancel the deal. After more than a year of negotiations, Canada and the US reached an agreement in principle on 1 October 2018. The renegotiated trilateral agreement was given a new title, the United States-Mexico-Canada Agreement (USMCA).

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Reciprocity

Reciprocity was a free trade agreement between the United States and Canada. It mutually reduced import duties and protective tariffs on certain goods exchanged between the two countries. It was in effect from 1854 to 1866 and was controversial at times on both sides of the border. It was replaced in 1878 by the Conservative Party’s protectionist National Policy. It involved levying tariffs on imported goods to shield Canadian manufacturers from American competition. A narrower reciprocity agreement was introduced in 1935 and expanded in 1938. However, it was suspended in 1948 after both countries signed the General Agreement on Tariffs and Trade (GATT).

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Commodities in Canada

In commerce, commodities are interchangeable goods or services. Many natural resources in Canada are viewed as commodities. They are a major source of the country’s wealth. Examples of commodities include a barrel of crude oil, an ounce of gold, or a contract to clear snow during the winter. Commodity products often supply the production of other goods or services. Many are widely traded in futures exchanges (see Commodity Trading).

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Hudson’s Bay Point Blanket

The Hudson’s Bay Point Blanket is a wool blanket with a series of stripes and points (markers on cloth) first made for the Hudson’s Bay Company (HBC) in 1779. The most iconic design is that which is white with green, red, yellow and indigo stripes; these colours are now used as an emblem for the HBC. While the HBC was not the first to create the point blanket, the company did popularize it among Indigenous and settler communities in Canada. Today, the design from the blanket is used on a variety of clothing, accessories and household items sold by the HBC.

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Pro Pelle Cutem

Pro pelle cutem (a Latin phrase meaning “a pelt for a skin”) is the traditional motto of the Hudson’s Bay Company (HBC). It was adopted soon after the company received its charter in 1670 and has remained on the HBC coat of arms, apart from a brief period of rebranding between 2002 and 2013.

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Indigenous-French Relations

French fishermen, settlers, fur traders, missionaries and colonial agents were among the earliest Europeans to have sustained contact with ​Indigenous peoples in what is now Canada and North America. The relationship between French and Indigenous people of the Eastern Woodlands in the early colonial period was complex and interdependent. France saw Indigenous nations as allies, and relied on them for survival and fur trade wealth. Indigenous people traded for European goods, established military alliances and hostilities, intermarried, sometimes converted to Christianity, and participated politically in the governance of New France. With the transfer of New France to Britain in 1763, diplomatic relations between the French and Indigenous people in Canada ceased. Naturally, social and economic interaction between the European and Indigenous inhabitants of New France continued.

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Iroquois Wars

The Iroquois Wars, also known as the Beaver Wars and the French and Iroquois Wars, were a series of 17th-century conflicts involving the Haudenosaunee Confederacy (also known as the Iroquois or Five Nations, then including the Mohawk, Oneida, Onondaga, Cayuga and Seneca), numerous other First Nations, and French colonial forces. The origins of the wars lay in the competitive fur trade. In about 1640, the Haudenosaunee began a campaign to increase their territorial holdings and access to animals like beaver and deer. Hostilities continued until 1701, when the Haudenosaunee agreed to a peace treaty with the French. The wars represent the intense struggle for control over resources in the early colonial period and resulted in the permanent dispersal or destruction of several First Nations in the Eastern Woodlands.

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Scottish Canadians

Though often considered Anglo-Canadians, the Scots have always regarded themselves as a separate people. The Scots have immigrated to Canada in steady and substantial numbers for over 200 years, with the connection between Scotland and Canada stretching farther — to the 17th century. Scots have been involved in every aspect of Canada's development as explorers, educators, businessmen, politicians, writers and artists. The Scots are among the first Europeans to establish themselves in Canada and are the third largest ethnic group in the country. In the 2016 Census of Canada, a total of 4,799,005 Canadians, or 14 per cent of the population, listed themselves as being of Scottish origin (single and multiple responses).

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Naujaat

Naujaat, Nunavut, incorporated as a hamlet in 1978, population 1,082 (2016 census), 945 (2011 census). The hamlet of Naujaat is located on the north shore of Repulse Bay, which is on the south shore of the Rae Isthmus. For a period of time, Naujaat was known as Repulse Bay.

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Prince George

Prince George, British Columbia, incorporated as a city in 1915, population 74,003 (2016 census), 71,974 (2011 census). Prince George is the largest city in the northern part of the province. It is situated in the geographical centre of British Columbia at the junction of the Nechako and Fraser rivers. Prince George was founded on the traditional territory of the Lheidli T'enneh, a sub-group of the Dakelh or Carrier Dene. The Dakelh aided Alexander Mackenzie on his journey to the Pacific coast in 1793.

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Voyageurs

Voyageurs were independent contractors, workers or minor partners in companies involved in the fur trade. They were licensed to transport goods to trading posts and were usually forbidden to do any trading of their own. The fur trade changed over the years, as did the groups of men working in it. In the 17th century, voyageurs were often coureurs des bois — unlicensed traders responsible for delivering trade goods from suppliers to Indigenous peoples. The implementation of the trading licence system in 1681 set voyageurs apart from coureurs des bois, who were then considered outlaws of sorts. Today, the word voyageur, like the term coureur des bois, evokes the romantic image of men canoeing across the continent in search of furs. Their life was full of perilous adventure, gruelling work and cheerful camaraderie.

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Canada and the World Trade Organization

The World Trade Organization (WTO) is the only international organization that regulates global trade. It is based in Geneva, Switzerland. Canada is one of its 164 members. The country plays a central role in the WTO and was also a key member of the General Agreement on Tariffs and Trade that preceded it. In addition to helping craft the WTO’s dispute resolution systems, Canada is among those countries most directly involved in its trade dispute cases.

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Joseph Lewis

Joseph Lewis, alias Levi Johnston, also Lewes and Louis, fur trader (born c. 1772–73 in Manchester, New Hampshire; died 1820 in Saskatchewan District). Joseph Lewis was a Black fur trader, originally from the United States, who participated in the fur industry’s early expansion into the Canadian Northwest in the late 18th and early 19th centuries. He is one of very few Black people involved in the fur trade whose name was documented in existing texts. Joseph Lewis is further notable for being the first Black person in present-day Saskatchewan, as well as, in all likelihood, Alberta.

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Rupert's Land

Rupert’s Land was a vast territory of northern wilderness. It represented a third of what is now Canada. From 1670 to 1870, it was the exclusive commercial domain of the Hudson’s Bay Company (HBC) and the primary trapping grounds of the fur trade. The territory was named after Prince Rupert, the HBC’s first governor. Three years after Confederation, the Government of Canada acquired Rupert’s Land from the HBC for $1.5-million. It is the largest real estate transaction (by land area) in the country’s history. The purchase of Rupert’s Land transformed Canada geographically. It changed from a modest country in the northeast of the continent into an expansive one that reached across North America. Rupert’s Land was eventually divided among Quebec, Ontario, Manitoba, Saskatchewan, Alberta and the Northwest Territories.

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Hudson's Bay Company

The Hudson’s Bay Company (HBC), chartered 2 May 1670, is the oldest incorporated joint-stock merchandising company in the English-speaking world. HBC was a fur trading business for most of its history, a past that is entwined with the colonization of British North America and the development of Canada. The company now owns and operates department stores in Canada, the United States, Belgium, the Netherlands and Germany. Originally headquartered in London, England, its head offices are located in Brampton, Ontario. HBC is owned by NRDC Equity Partners, an American private investment firm that purchased the company in 2008. HBC operates the following retailers: Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5TH, Galeria Kaufhof, Sportarena and Galeria INNO. In 2017, HBC registered $14.3 billion in revenue and held assets valued at $12.2 billion. It is a public company listed on the Toronto Stock Exchange under the symbol HBC.