Imports consist of goods or services purchased from residents of foreign countries by Canadian residents. For 1996 these totalled $331 billion, or $1.7 billion more than all receipts from EXPORTS. The 3 major import divisions were merchandise of $233 billion (70.3%), services of $48 billion (14.
Economic and regional development agreements (ERDAs) refer to bilateral agreements between the federal government and each of the 10 provinces in effect from 1984 to 1994. The ERDA system was a major component of federal-regional economic policy over that period.
Canadian consumers obtain consumer credit whenever they purchase goods or services on account, or whenever they borrow funds to finance purchases already made. The most common type of consumer credit arrangements involve cash loans, usually to finance retail purchases on instalments.