Final answer:
The United States is Canada's largest trading partner, with a major portion of exports and imports occurring between the two countries, highlighting their strong economic ties.
Step-by-step explanation:
Canada's largest trading partner is the United States. More than 80 percent of Canada's exports are sent to the United States, and around 70 percent of its imports come from there. This significant exchange signifies the strength and importance of the economic relationship between the two neighboring countries. The Canadian economy is diversified, with industries ranging from natural resources to technology and innovation, and trade with the US plays a crucial role, affecting many of these sectors.