The Economic Aspects Of The Canadian Economy - 868 Words

Canadian Economy Introduction Canada is a North American country made up of ten provinces. In terms of total area, it is the second largest country in the world. However, in terms of land area covered, it is the fourth largest in the world. This paper will look to focus on the economic aspects of this Nation. It will expound on aspects such as major trade partners, regulations that relate to international business among others. Other aspects such as rates of unemployment, imports, exports, trade regulations and standards relating to Canada will also be a major undertaking of this paper. Canada’s economy Canada has experienced a somewhat solid economic growth over the years especially during the recession period. In fact the country experienced a 2.8% economic growth over the 2nd half of 2013. The tremendous growth is due to private consumption, strengthened by gains in income and wealth. Owing to this, the country is considered one of the wealthiest in the world. The service industry which is the most dominating one in the Canadian economy employs roughly three quarters of the residents. The oil and logging industries are the most important sectors in the Canadian economy. Additionally, the country relies on manufacturing sectors such as automobiles and aircraft industries. Its extensive coastal line has benefited the fishing and seafood industries tremendously. Canada also boasts of unique economic bodies that combine public and private enterprises. Its trade partnersShow MoreRelatedThe Economic Benefits Of Every Nation Impacts The Quality Of Life1280 Words   |  6 PagesThe economic benefits of every nation impacts the quality of life for each individual in a society. A strong economy is important as it enhances standards of living and pushes humanity forward with a great success, enabling a better future all. Generally, economic growth is the most essential for a strong economy. 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