why has canada import and export trends decrease during the year 2001?

To determine why Canada's import and export trends decreased in 2001, you can start by looking at various factors and events that may have influenced international trade during that time. Here are steps you can take to gather the necessary information and gain a deeper understanding:

1. Analyze economic indicators: Examine Canada's overall economic performance in 2001. Look at factors such as GDP growth, inflation rates, interest rates, and consumer spending, as these elements can impact import and export trends.

2. Study global events: Research significant global events occurring in 2001 that might have had an effect on trade. For instance, the September 11th terrorist attacks in the United States had a profound impact on world economies and international trade patterns.

3. Consider policy changes: Examine any policy changes by the Canadian government that may have impacted international trade in 2001. Changes in trade agreements, tariffs, or regulations can influence the volume of imports and exports.

4. Evaluate exchange rates: Investigate the fluctuations in exchange rates between the Canadian dollar (CAD) and major trading currencies during that time. A significant appreciation or depreciation of the Canadian dollar relative to other currencies can affect trade competitiveness.

5. Review industry-specific factors: Explore industry-specific factors that might have influenced import and export trends in 2001. Analyze the performance of key sectors, such as manufacturing, agriculture, or natural resources, and examine any factors specific to these industries.

By following these steps, you can gather information related to Canada's economic performance, global events, policy changes, exchange rates, and industry-specific factors to understand why import and export trends decreased in 2001. It's important to note that analyzing historical data and consulting relevant economic reports or studies will provide more accurate and detailed insights.