04-03-2008, 10:52 AM
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#581 (permalink)
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| Thailand Expat
Last Online: 03-02-2010 03:41 AM Join Date: Oct 2006 Location: West Coast Canada
Posts: 2,923
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Originally Posted by Jet Gorgon  But dem der mfg jobs never vanished up to Canada, now did they? | Why is that impossible?  The Rising Dollar: Explanation and Economic Impacts Quote:
Originally Posted by Jet Gorgon Our trade surplus went up from our natural resource exports, nothing else. (I don't need facts to back that statement, coz we don't have anything else worthy of export | Quote:
Canada is the home to the eighth largest economy in the world [1](measured in US dollars at market exchange rates)[2], is one of the world's wealthiest nations, and a member of the Organization for Economic Co-operation and Development (OECD) and Group of Eight (G8). As with other developed nations, the Canadian economy is dominated by the service industry, which employs about three quarters of Canadians[citation needed]. Canada is unusual among developed countries in the importance of the primary sector, with the logging and oil industries being two of Canada's most important. Canada also has a sizable manufacturing sector, centred in Central Canada, with the automobile industry especially important.
International trade makes up a large part of the Canadian economy, particularly of its natural resources. The United States is by far its largest trading partner, accounting for about 79% of exports and 65% of imports as of 2006.[3] Canada's combined exports and imports ranked 8th among all nations in 2006 .[4].
Canada is a mixed market or social market economy,[5] which, according to the Heritage Foundation ranks higher on the "index of economic freedom" than most western European countries but lower than the U.S.[6]. Canada ranks among the most developed countries on the Human development index, with a GDP per capita lower than and a median household income roughly equal to that of the United States.
Economy of Canada - Wikipedia, the free encyclopedia | |
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