There are precedents, of course – El Salvador and Ecuador have both adopted the U. dollar in the past – and, on paper, the decision seems to make sense for both Canada and Iceland. delayed the Keystone pipeline, Prime Minister Stephen Harper went to China to discuss redirecting its oil (Canada is the sixth-largest oil-producing nation in the world) to the Pacific coast – where China's ships are waiting. be worried that Canada is bailing out other countries?
Iceland would have a currency overseen by a very strong central bank. But maybe the worst part: The person who brought this story to my attention is a Canadian. Do you think Canada could really be a world superpower?
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Canada would get even more influence in the Arctic region. We took a closer look at our neighbor to the north, and this is what we found: Canada has the 10th-largest economy in the world.
And it would probably increase foreign trade for both countries. On Friday, Alan Bones, Canada's ambassador to Iceland, said, "What we know about the nature of the final agreement depends very much on the expectations of both countries. Its unemployment rate is 7.6%, compared with our 8.3.