Business and commercial: Canada, U.S. relations on solid ground

According to a leading stateside politician, the relationship between Canada and its nearest neighbour is healthy and vibrant. On his latest trip to Canada, U.S. Vice-president Mike Pence said even though trade problems threatened the friendship of the two countries a year ago, the relationship between Canada and the United States has never been stronger. This assertion bodes well for business and commercial ventures for both countries.

Pence made the visit to solidify trade with Canada and Mexico after President Donald Trump removed tariffs on Canadian steel imports. A new trade deal between the trio of countries was signed this past November. The new deal is meant to replace the North American Free Trade Agreement (NAFTA). Prime Minister Justin Trudeau said his talks with Pence centred around ratifying the new deal that Pence expects to be passed by Congress sometime this year.

Canadian business analysts, however, aren't so sure of the relations between the two countries. Some say Canada is no different than any other U.S. ally and as such cannot predict what will come next from the U.S. government when it comes to international relations and how Canada will figure into the giant scheme of things. Analysts also believe U.S. support of Canada has been pretty much muted. 

Canada's relationship with its trade partners has an impact on business and commercial ventures at home. A lawyer has the ability to see how outside forces affect business deals in Canada. He or she can advise and guide entrepreneurial clients who are making or thinking about making deals, accordingly. 

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