Canadian Economy
Canada is one of the world's wealthiest nations, a member of the Organization
for Economic Co-operation and Development (OECD) and Group of Eight (G8). As with
other first world nations.
The Canadian economy is dominated by the service industry, which employs about three
quarters of Canadians.
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 sizeable manufacturing sector, centred in Southern Ontario, 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 greatest trade partner,
with trade with the United States accounting for about 85% of exports and 59% of
imports as of 2004.[
Canada is a free market economy, usually seen to have slightly more government intervention
than the United States, but less than most European nations.
Canada has traditionally had a lower per capita gross domestic product (GDP) than
the United States, but higher than that of many western European economies.
Source: Wikipedia
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