Which of the Following Is Correct with Regard to Canada's

Short Answer

Which of the following is correct with regard to Canada's balance of trade?
Canada has had a favourable balance of trade for many years, with 2012 seeing the largest ever recorded.
The U.K. is Canada's largest trading partner.
Canada's generally favourable trade balance over the years has occurred because our unfavourable balance of trade with the U.S. is offset by our favourable balance of trade with most other countries.
Canada's unfavourable balance of trade in 2012 was due partly to the increase in the value of the U.S. dollar.
None of these are accurate.