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Canada’s Trading Partners and Canada’s International Business RelationshipsCanada’s Trade HistoryIn 1502, John Cabot landed on the shores of present day Newfoundland. At the time, he was searching for a new route to the Orient to profit from the spice market, but instead found a cold and rugged continent whose main attraction was cod fish. Cabot continued to search for the route to the Orient a second time, however was never heard from again. Little did Cabot realize that his failed voyages to find a route to the Orient actually led to the start of a very lucrative cod export market - the cod fish, which were dried, salted and brought back to England, Portugal and Spain. ?Cabot approaching NewfoundlandIn the 1600’s, fur clothing and hats became very popular in Europe. This became the catalyst for further trading in North America. Many different European countries initiated trade with the Aboriginal people for fur. Eventually, the French and the English competed for the fur trade. They did so for almost 100 years until the English defeated the French. Trade between Aboriginals and Europeans flourishes in the 1600’s. The Aboriginals and the French and English were extremely interdependent during this time. The Aboriginal groups traded fur with the English and French trading companies for various European groups. The Aboriginals would then trade these goods to various other tribes. Gone were the days of self-sufficiency. A new era of trade had begun. Interdependence also applied to Europe and North America. As more and more immigrants came to settle the land in North America, demand for European goods grew. Europe manufactured items that were needed by the settlers but needed the natural resources that North America had to offer. This trade relationship has continued for hundreds of years and still exists today. Now that you have read a little about Canada’s early trading history, you will do some research and use the information you find to answer the questions below.Hudson’s Bay Company WebquestUsing the Internet, research the history behind the retail store “The Bay”, which is owned by the Hudson’s Bay Company (Hbc), and answer the questions about the Hbc. You’ll be surprised just how important The Bay was hundreds of years ago! Assignment 1 - Hudson’s Bay CompanyUsing a search engine of your choice, research the history of the Hudson’s Bay Company by finding the answers to the questions below. After doing your research, check your answers by clicking on the Answer links. Hudson’s Bay Company QuestionsName the two Frenchmen who started the fur trade north and west of the Great Lakes. What was the obstacle they faced when trying to start a fur trading company?Which country provided financial backing to these two Frenchmen? Where were Hbc forts initially located? When did the focus change from trading posts to retail stores? What prompted this change?List some of the major chains Hbc owns today. Canadian Trade Today Canada’s economy has changed greatly. In the past, we traded our primary resources and other countries used these natural resources in various manufacturing processes. Although we continue to export a lot of raw materials, the portion of exports that are semi-manufactured or end-products is increasing. Canada also has an international reputation in the service sector. You’ve been reading that Canada has diversified their trade from just raw materials. Canada is a strong exporter in the primary, secondary and tertiary sectors. Research some specific goods that Canada is known for within each of these sectors. Try and find 5 goods within each of the three industries. Use this table to record your findings.Activity 2: Trade Within Canada’s Major IndustriesType of IndustryExamplesPrimary (Natural Resources)Secondary (Manufacturing)Tertiary (Service)Using a search engine of your choice, find the Canada Trade Missions site. Answer these questions in a saved word processing document. Save it as “Canada Trade Missions”. 3: Questions:Canada Trade Missions & Team Canada MissionsWhat is the difference between a Canada Trade Mission and a Team Canada Mission?Who leads a Team Canada Mission?What is the objective of a Team Canada Mission?List three locations where Trade Missions or Team Canada Missions have taken place.Why would the government want to involve themselves in these missions? How does it benefit them?Why would you, as a business owner, want to join a Team Canada mission?What are the three steps involved in joining a mission?Research one company from Ontario that has participated in one of these missions. What do they make? What area of business are they in? Describe how the Team Canada mission has benefited them.Where was the last trade mission? What year did it take place? Who was Prime Minister at this point?If you were the next Prime Minister of Canada, where would you recommend the next mission be ................
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