NAFTA

Net capital outflow (NCO) is the net flow of funds being invested abroad by a country during a certain period of time (usually a year). A positive NCO means that the country invests outside more than the world invests in it and vice versa. NCO is one of two major ways of characterizing the nature of a country's financial and economic interaction with the other parts of the world (the other being the balance of trade).

capital inflow - A net flow of capital, real and/or financial, into a country, in the form of increased purchases of domestic assets by foreigners and/or ...

The central bank raised the benchmark rate by a quarter percentage-point to 1.25 per cent

The balance of payments is a record of a country's international trade plus the financial transactions that make it possible. It has three components.

The United States has its largest trade deficits with China, Canada, Mexico, Japan and Germany. They make goods at cheaper price than American firms.

The current account records a nation's transactions with the rest of the world – specifically its net trade in goods and services, its net earnings on cross-border investments, and its net transfer payments – over a defined period of time, such as a year or a quarter.

Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes. More precisely, it gives the percentage change in quantity demanded in response to a one percent change in price.

The difference between a country's imports and its exports. Balance of trade is the largest component of a country's balance of payments. Debit items include imports, foreign aid, domestic spending abroad and domestic investments abroad. Credit items include exports, foreign spending in the domestic economy and foreign investments in the domestic economy.

Bonds issued by a national government in a foreign currency, in order to finance the issuing country's growth. Sovereign debt is generally a riskier investment when it comes from a developing country, and a safer investment when it comes from a developed country.

A huge fraction of U.S. imports and exports travel immediately north and south. Geography is certainly a contributing factor, and the benefits of proximity have been accentuated by the implementation of NAFTA in 1994.