It is the US that benefits the most from trade with Canada.
{...
Canada-United States Trade: In 2022,
Canada exported $438B to
United States. The main products that
Canada exported to
United States were
Crude Petroleum ($117B),
Cars ($27B), and
Petroleum Gas ($22.4B). Over the past 5 years the exports of Canada to United States have increased at an annualized rate of 8.35%, from $293B in 2017 to $438B in 2022.
In 2020,
Canada exported services to
United States worth $25.5B, with Computer and information services ($7.68B), Transportation ($5.45B), and Financial services ($5.08B) being the largest in terms of value.
...
United States-Canada Trade: In 2022,
United States exported $308B to
Canada. The main products that
United States exported to
Canada were
Cars ($16.9B),
Refined Petroleum ($15.7B), and
Delivery Trucks ($14.2B). Over the past 5 years the exports of United States to Canada have increased at an annualized rate of 4.27%, from $250B in 2017 to $308B in 2022.
In 2017,
United States exported services to
Canada worth $69.8B, with Travel ($18.1B), Financial services ($13.9B), and Other business services ($12.6B) being the largest in terms of value.
Comparison: In 2022,
Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year,
United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).
...}
The US only has 2% of the world's oil and we are rapidly running out.
We need Canada's resource more than they need us.
They can sell the oil to Europe instead of the US.