Economic Benefits Of Canada Essay

1188 Words3 Pages

Canada is among one of the best places to live in the world with a high standard of living and many economic benefits. Canada is ranked 3rd among 36 countries in the world as the best place to live by the Organization for Economic Co-operation and Development. It is also one of the wealthiest countries in the world with highly developed industries and a stable economy. These benefits ensure that Canada’s GDP per capita and employment rates consistently increase at a good rate. Additionally, the economic benefits provide numerous job and investment opportunities for Canadians. The Canadian government is deeply committed to providing a good quality of life as they implement a variety of services and programs for its citizens. The main economic …show more content…

Employment for women, minorities and people for special needs continues to grow more rapidly in Canada than other countries as a result of employment equity programs. Furthermore, Canada’s unemployment rate decreased from 7% in August 2014 to 6.8% in September as reported by Statistics Canada. Employment opportunities also continue to grow in many sectors, such as, food services, healthcare, construction and natural resource production. Since Canada is a world leader in the production of many natural resources, there are many job opportunities in this sector. Not to mention, Canada has a large and diverse service sector including the retail industry, real estate and financial services that continues to grow and provide new job opportunities. The service sector employs approximately 75% of the Canadian population. Stable employment and a good income is the biggest economic benefit to individuals and Canadians are lucky that good jobs are readily available in Canada. Not only does Canada offer many employment opportunities, but also has employment standards in place which include a higher minimum wage, vacation pay and severance previsions. Canada’s minimum wage is significantly higher than the minimum wage in the US. Good wages and employment benefits contribute to the benefits of Canada’s employment …show more content…

Canadians have access to advantageous social assistant programs, benefits, employment opportunities and economic stability. These economic benefits that Canada has to offer make it possible for Canadians to enjoy a high standard of living and economic prosperity. Canadians get to take advantage of so many added benefits compared to people in other countries around the world so why would anyone want to live anywhere

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