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Cancellation of the Reciprocity Treaty-â Jacquie, Harrison, Alyssa D, Chelsea, Kianna, Alexandra. Question #1. Explain the significance of the the cancellation of the Reciprocity Treaty as a political challenge faced by Canada.Question #2. Explain a political challenge faced by Canada today and how it is similar to what Canadian politics faced in the 1850âs.hy did the Americans cancel the treaty? The Reciprocity Treaty was cancelled in 1866 by the U.S. They cancelled it because the U.S thought that British North America was the only nation that was benefiting from it because British North America exports grew by 33% while the U.S exports only grew by 7%.
The CanadianâAmerican Reciprocity Treaty of 1854, also known as the Elgin-Marcy Treaty, was a trade treaty between Great Britain and the United States, applying to British possessions in North America including the United Province of Canada, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland Colony.n 1854, they achieved what they wanted in the Elgin-Marcy Treaty. It listed most Canadian raw materials and agricultural produceâespecially timber and wheatâas goods admitted duty-free to the U.S. market. The treaty ended the American 21% tariff on natural resource imports.