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The Canal has been a key contributor to the integration of the world economy and important to Canada specifically.
Its opening prompted the construction of the first grain silo at the Port of Vancouver in 1918 for shipping Canadian grain to Europe.
Canada's merchandise trade has diversified, and the country's international trade policy aims to continue this trend, with the government embarking on numerous trade diversification initiatives since 2007.
Budget 2012 indicated the desire for expanded trade with China, and trade negotiations with the Trans-Pacific Partnership, India and the European Union.
An example of such an outside of Canada investment is the expansion of the Panama Canal, a 77.1-kilometre shipping lane that opened in 1914 to cut across the Isthmus of Panama, connecting the Atlantic and Pacific Oceans.