07:14 AM EDT, 03/11/2025 (MT Newswires) -- Bank of Monreal (BMO) said it often likes to point out how well-balanced Canada and the United States trade is, especially compared with trade flows between the U.S. and most other economies.

For example, in 2024, the ratio of U.S. exports/imports with Canada was 0.85 for goods and 0.93 when services were included.

That's quite close, especially considering how the Canadian dollar has been beaten down in recent years, noted the bank.

However, when BMO looks at things on a per capita basis, the calculation takes on a different hue. Looking at the import of finished goods from both countries -- based on the bank's estimates -- Canada imports about C$5,800 per person of U.S. goods, while the average American imports just over C$800 of Canadian goods.

That means the typical Canadian imports a bit more than seven times as much of U.S. goods than the other way around, stated the bank.