Final answer:
The United States is Canada's largest trading partner, with significant economic ties reflected in both exports and imports. Agreements like NAFTA have supported this strong trade relationship. Despite a shift towards a knowledge-based economy, Canada's economy remains deeply rooted in natural resources.
Step-by-step explanation:
Canada's largest trading partner is the United States. The Canadian economy is closely intertwined with the US economy, with more than 80 percent of Canadian exports going to the United States and 70 percent of imports to Canada coming from the United States. This trade relationship is bolstered by historical agreements such as the North American Free Trade Agreement (NAFTA), which facilitated reduced trade barriers and allowed goods to flow more freely among Canada, the US, and Mexico. While Canada's primary industries are rooted in natural resources like agriculture, fishing, mining, energy, and forestry, the country is also shifting towards a knowledge-based economy, with increased contributions from biotechnology and information technology sectors.