resources, the global oil crisis which began in 1999 has helped its energy companies increase their outputs and profits. The nation is a home of abundant natural resources that include iron ore, nickel, copper, zinc, gold, lead, silver, timber, fish, coal, petroleum, natural gas, and hydropower.
Regionally, the Canadian economy varies greatly. In the Eastern provinces, marine industries—including fishing, telecommunications, and energy production—are the main components of the economy. In the French-speaking region of Quebec, the city of Montreal has become one of the nation's centers for high-technology firms. This includes a large number of computer software companies. There is also a large industrial base which includes companies that produce
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Ontario is the nation's main industrial center. About half of all Canadian manufactured goods are produced in Ontario. The province is second only to Michigan as the largest producer of automobiles and car parts in North America. Ottawa, the nation's capital, is located in Ontario. Other industries include chemicals, aerospace, steel, and food processing. The plains (or prairie) provinces of Alberta, Manitoba, and Saskatchewan are the home to four-fifths of Canada's agricultural lands. They are also the home to the majority of mining and fuel production. Alberta itself provides 90 percent of the nation's energy exports and is the home of Canada's oil and natural gas industry. British Columbia is in the Pacific Northwest. Forestry and tourism were traditionally the main elements of the region's economy, but financial services, including banking and insurance, have grown dramatically over the past decade. There is also a growing high-tech sector that is bolstered by the province's proximity to American firms such as Microsoft in the state of Washington. The Northern territories of the nation comprise one-third of its total size, but are home to only 100,000 people. These areas …show more content…
Although the agricultural sector is small, it takes advantage of the nation's generous natural resources. Increasingly, agriculture and fishing are concentrated in certain geographic regions of the country, mainly the west and southeast. The United States is the main market for all Canadian agricultural exports. In addition, the United States is the main destination for most of Canada's timber exports. Canada is also a major supplier of energy resources, including electricity and petroleum, to the United States. While industry has declined since the 1970s, it remains an important component of the country's economy. Automobile products provide one of Canada's principal exports, but the nation also produces a variety of consumer products and machinery. Nonetheless, large companies such as Ford and General Motors provide a significant percentage of the nation's industrial output. Services have seen the most dramatic growth in the Canadian economy over the past 2 decades. In addition to consumer-based businesses such as retail and tourism, financial services and telecommunications firms have grown dramatically. The government has offered significant support to these new technologies. For instance, the government has supported the development and installation of the only fiber-optic network in the world which carries only Internet traffic. The system, CA*Net3, will have 16 times the capacity of the largest U.S.
The global economy has been recovering from the financial crisis which occurs in 2008, then has a weak growth for most developed countries over 2012 and 2013. But economic activity in Canada has expanded at a faster pace than most other major advanced countries in 2012; however, economic performance in Canada has been unsteady throughout 2013 (The Economic review, 2013). After the last quarter in 2010 GDP growth rate grows rapidly, the GDP grows slowly but steadily in 2012 which remains at around 3 percent. Real GDP growth rate in Canada grows slowly in the first quarter of 2013, but increased by 5 percent in the second quarter ,then remains the same level until the first quarter of 2014 (Statistics Canada, 2014). In 2014, the Canadian government take a series economic action plan as a guide for the economy development such as improving investment conditions, ...
Hiking could also be a popular activity because of the vast amount of cliffs in the Canadian Shield. Tourist C. 2012 para 9. This could also lead to beautiful scenery when hiking, so photography is also a possible activity. There are also several interesting provinces and territories you may want to visit, these include: Ontario which contains Ottawa our nation’s capital, Quebec which has some of our nation’s most treasured cities such as Montreal and Quebec City, Manitoba, Yellowknife, North West Territories and etc.
The Relevancy of the Heartland - Hinterland Distinction in Canada's Economic Geography Until the early 20th century, Canada was primarily an agricultural nation. Since then it has become one of the most highly industrialized countries in the world as a direct result of the development of the ‘heartland'. To a large extent the manufacturing industries present in the heartland are supplied with raw materials produced by the agricultural, mining, forestry, and fishing sectors of the Canadian economy, a region known as the ‘hinterland'. The ‘ heartland-hinterland' concept in Canada describes patterns of economic power, namely, where economic power and control resides within the nation.
Before the war, Canada’s most important sector in its economy was agriculture. However, this was changing drastically after and during the war as industry began to take over as being more important. Canadian production of war material, food supplies, and raw materials had been crucial during the war. After the war, it was only natural that big investments were being made in mining, production, transportation, and services industries. Canadian cities were becoming very important contributors to the economy. This was also bringing in waves of post-war immigration, the backbone of Canada’s multicultural society we know today.
This constant income has proven to support our economy by more than just improving life quality. Canada’s three main exports also allow Canada to keep a more balanced budget. With an extensive amount of money being put into importing goods from other countries, exporting gives Canada a fighting chance against the terrible trag...
time. Most people in the world view that it is one of the component in Canada.
The Canadian economy and the United States economy tend to move together because of the amount of transactions that take place within the two nations due to their geographical proximity. With the United States recently experiencing a downturn in the economy, analysts estimate that the Canadian economy will not be far behind. However, in the past 10 years the Canadian economy and especially the trade balance have been very healthy.
Canada is the U.S.'s most important trading partner, taking in 19.2 percent of U.S. goods and services in 2003.
...nguage, and religion all make up Canada’s human face, but also front how the cultural accommodation will continue with the risk of losing Canada’s main traditions. Faultlines again come into perspective within demographic issues, especially with newcomers/old-timers, aboriginal population expansions, and French/English language. The core/periphery model is also represented. The end of the chapter places a focus on Canada’s economic face as well, dealing with stresses inside the global economy as well as its strong dependency on the U.S markets (Bone, 169) especially with the stimulating global recession. Canada’s economic structure leans on the relative share of activity in the primary (natural resource extraction), secondary (raw material assembly), tertiary (sale/exchange of goods and services), and quaternary (decision-making) sectors of the economy (Bone, 166).
In the last 20 years the penetration of the Canadian market by American cultural industries is still extremely strong. The United States is still the main source of culture products. American products represent 81% of all culture commodity imports. Canadians watch American TV shows, listen to American music, love American sports teams, drive American cars and buy American goods at American stores like Walmart. They eat American food, drink American beer (sometimes).
Afterward Canada gradually began the trade with countries all around the world. The global trade started to enrich the Canadian immigrants culturally and benefited many people economically as well. This aided businesses in Canada significantly. Now the Canadians had access to many products, such as fruits, vegetables, clothing items and more, which were never before produced or accessed in the Canadian market, which now, made it convenient for the
To better understand the advertising industry in Canada we need to look at some facts. The communication lines in Canada are expanding daily. These communication vehicles are how advertising is spread. The more Canada strives to be evident in the communication lines, the less influence the United States can have on the Canadian industry. There are 18.5 million telephone lines and 3 million cellular phones in use. There are 32.3 million radios in Canada and there are 535 AM stations and 53 FM stations. As of 1997 there was 80 television broadcast stations (with over 100 repeater stations) and 21.5 million televisions. In 1999 there was an estimated 750 Internet service providers (CASI). There are 120 daily newspapers, 108 are in English and the other 12 are in French (Pang). There are also seventy-five ethnic weekly papers published (Pang). Communication is part of the second largest service industry in Canada. With such a large country and such few people Canada relies on strong communication to tie people together. Canada was the first country to launch a communications satellite and has been in the forefront of developing communications technology. With more and more changes in technology, the government, and the economy Canada can communicate to all citizens in many ways, keeping the communication lines tight.
One of the most significant changes was economic development. The war had changed Canada’s economy greatly both during and after the war. After the war, Canada transitioned from a war based production economy, to a peacetime supply and demand economy. New jobs were created in different sectors of the economy. As R.B Bennett said in a speech “By any economic test you may employ, Canada is more prosperous today than it was two years ago...” (Bennett, Richard Bedford, 1870-1947) Canada’s manufacturing industry had grown which allowed it to become a leader in industries such as automotive manufacturing and chemical processing. Besides manufacturing, many other sectors of the economy gained success. For example, the production of newsprint became Canada’s largest industry after agriculture. Moreover, the Prairie Provinces enjoyed huge success with wheat. New mining discovers were also made in the 1920’s. By 1929, Canada was producing almost 80 percent of the world’s supply of nickel. Furthermore, the 1947 discovery of oil in Alberta made Canada a petroleum superpower. The growth of manufacturing changed the global perspective on Canada and gave Canadians a significant
Canadian Natural Resources is an oil and gas exploration, development and production company with its corporate head office in Calgary, Alberta. CNR is Canada’s largest oil and gas company and one of the world’s largest independent oil and gas producer. CNR was founded in Calgary, Alberta in 1989 but there is no specific man or women who have found the company. The company started off with drilling shallow gas basin, which is a big contributor of their success. Slowly they shifted into bitumen and crude oil. CNR headquarters are located in Calgary, Alberta and all the other offices are located in Alberta except for one, Fort St.John which is located in British Columbia. Their factories and offices are located in Alberta because Alberta is the
The shortage of skilled workers in the coming decade poses a serious threat to all aspects of the Canadian economy. Like all others, our economy is comprised of three major elements: primary products, secondary goods and services. My research indicates that primary products constitute just over 7% of Canada's GDP, secondary goods account for 21%, and the services comprise 72%. This distribution although heavily in favor of the service industry still shows the importance of the secondary/manufacturing industry in Canada's modern day economy. Taking into fact that since the late nineteenth century, Canada's centre of manufacturing is focused in two provinces, Ontario and Quebec. Consistently, year after year, Ontario contributes about 50% of the Canadian total of manufactured goods produced, measured by value, and Quebec 25%.