Canada and the United States have the world's largest bilateral trading relationship.

This statement is True. According to Discover Canada: "In fact we have the biggest bilateral trading relationship in the world."

Canada and the United States are each other's largest trading partner. Discover Canada notes: "Over three-quarters of Canadian exports are destined for the U.S.A." Together, the two countries operate "integrated Canada-U.S.A. supply chains" that compete with the rest of the world.

Canada exports billions of dollars worth of goods to the U.S., including energy products, industrial goods, machinery, equipment, automotive, agricultural, fishing, and forestry products.

The Canada–U.S. trading relationship is unique in scale globally. Most countries' largest trading partners are nearby — but the volume of Canada–U.S. trade exceeds any other bilateral relationship in the world.

This is why the Canadian economy is so closely connected to the United States, and why agreements such as NAFTA (covering over 444 million people and over $1 trillion) have been so significant.