Canadian economic history dominated by exploitation of natural resources in an export-driven economy. Economic growth dependent on demand for staples abroad. Long-term effect of staples dependent on linkages. John cabot (england) explores atlantic coast (1497) he sails and promises to find china, he found a place good for fishing, he came back with a boat full of fish, made a lot of money selling them. He came back and told them theres a good investment, with all the natural resources, and make people invest, then he sailed and missing ever since. Jacques cartier (france) explores gulf of st. lawrence (1530s and 1540s) He was a friend,of a friend of the king, he owed cartier a favour, so he asked king to give him a job, the king asked him to sail and gather goods. When he sailed into the bay and he saw people on the shore.