For Canada and the US, obtain the following data for the past 10 years (monthly numbers would be ideal, quarterly numbers are required at a minimum for both the US and Canada.
- Give data on their trade patterns. List the value of total imports and exports, and specifically total imports and exports to and from each other. The data should be in the same currency for both countries. Breakdowns could include durables versus non-durables, or specific products. You should be consistent in your analysis here, and all of your analysis to follow should draw heavily on these particular numbers.
- Give data on their total level of imports and exports, with specific detail on their trading
Step 2b Requirements and Points to Consider: Your response should include the amount of trade with the other country. Are they running a deficit or surplus with each other? Is there a trend that can be seen?
- Give data on their imported and exported products, with specific detail on the products imported and exported.
Step 2c Requirements and Points to Consider: What specific products are traded with each other? There will likely be several products that dominate the accounts, and you should note this.
- Give information on their trading regulations, tariffs, and import quota.
Step 2d Requirements and Points to Consider: You should obtain and describe summary information on major international trade agreements and quotas. This can take many forms.
- Give data on their exchange rate history, with specific data on the exchange rate between the two countries.
Step 2e Requirements and Points to Consider: You should calculate the historical exchange rate between the two countries. You should then convert the quoted exchange rates, which will likely have the USD or the EURO as the base currency, to a direct terms quote (the price of one unit of the other country's currency in LC prices) relative to each other. One country's quote will be the inverse of the other's. Your coursework shows you how to do this.
- Present this information in table form at the end of the project.
Step 2f Requirements and Points to Consider: The data should be in table format. An attached Excel spreadsheet would be the most likely type of submission.