How Canada’s Three Major Exports Have Contributed to Canada’s Economy

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Last year, Canada received 443 billion dollars in revenue from exporting goods throughout the world. Almost 54% of that was covered by Canada’s three major exports (Stat Can.) - mineral products, transportation items, and electrical equipment and machinery. While preparing theses resources for export may be difficult, it is worth it. This essay will review the large role exports play in Canadian economy by being a immense source of income, allowing Canada to maintain robust trade routes and relations throughout the world, and providing Canadians with many jobs.

Canada’s ability to maintain a healthy income is important, for without it, Canada’s economy would not be functional. This is where Canada’s three main exports come into play. In 2013, Canada earned 133 billion dollars in exporting Mineral products, 123 billion dollars of that coming from mineral fuels, oils, products of their distillation, bituminous substances, and mineral waxes (Ibid.). With such a booming mineral industry, Canada receives a large income from mining that can be invested in schools, jobs, public projects, and many other important areas . Also, the earnings can be devoted towards small businesses looking to expand by using government funding programs, which helps support and expand Canadian economy (Mentor Works). Overall the money is used for activities that support the Canadian economy and make numerous people’s lives better.
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...

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...dataTransformation=7§ionLabel=V+-+Mineral+products&provId=1&freq=12&refMonth=12&lang=eng&refYr=2013>
“Merchandise imports and exports between "Canada" and "World", by Harmonized System section.” Statistics Canada. N.p., March 2014. Web. 1 March 2014

“Suncor Energy Annual Report” Suncor. Suncor Energy Inc., n.d.. Web. 27 February 2014

“Trade Confidence Index Fall 2013 Infographic.” EDC. N.p., n.d.. Web. 27 February 2014.

World Book Inc.. The World Book Encyclopedia 2014. Chicago: World Book, Inc.. 2014. Print

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