Final answer:
Canada has had both trade deficits and trade surpluses in the past, and the exact amount can vary from year to year. However, trade deficits or surpluses alone do not determine the overall health of an economy.
Step-by-step explanation:
Canada has had both trade deficits and trade surpluses in the past.
A trade deficit occurs when a country imports more goods and services than it exports, resulting in a negative balance.
On the other hand, a trade surplus happens when a country exports more than it imports, leading to a positive balance.
The exact amount of Canada's trade deficit or surplus can vary from year to year.
For example, in 2012, Canada had a trade surplus of $688 million. However, it's important to note that trade deficits or surpluses alone do not determine the overall health of an economy.
They can work out well or poorly depending on how the government invests the corresponding financial capital flows.