Economic Interconnectedness Between Canada and the U.S.

Canada and the United States have historically intertwined economies that share similar challenges and opportunities. The relationship began during World War II when both countries collaborated to produce essential goods, which evolved into a deeper economic integration post-war. Recent oil price shocks have further solidified this connection, as Canada supplies crude oil to U.S. refineries. Both nations now face demographic shifts with retiring baby boomers, impacting labor markets and requiring a focus on attracting workers rather than merely increasing production.