Canada's Economy Research Paper

Currently, Canada is economically heavily dependent on larger economic countries for research and development and new technologies. Canada also has always been dependent on the extraction of its primary products for export to other countries. "As far back as 1963 as much as sixty percent of the manufacturing industry was owned by firms whose head office lay outside the region or in foreign countries" (www.Statisticscanada/local/stateprov/ont.html. October 5, 2001).

Since the country’s conception in 1867, Canada has lived in the shadow of it’s southerly neighbour, the United States of America. Through the years, what started out as a country with very distinct culture has morphed and become Americanized. Historically speaking, American influence has had a great economical impact on Canada. Speaking about the Americanization of Canada, Pierre Trudeau, former Prime Minister of Canada, has said, “Americans should never underestimate the constant pressure on Canada which the mere presence of the United states has produced…” This pressure has changed the way Canadians live and conduct business. This pressure has Americanized the Canadian economy. American culture has a very far reaching effect on Canada with many trickle down effects. Americanization of the Canadian economy has lead to the American control of the Canada’s corporate structure, Canadian dependence on American capital, turned the Canadian economy into a mirror image of the American economy, and has led to loss of

Canada is currently sitting at a population of over 30 million people and is ranked 11th in the world in terms of exports (Canada: Economic Freedom, 2017). The economy in the country seems to be thriving very well with many skilled workers and plenty of jobs for most individuals in the civilian labor force. For the most part, Canada has always done pretty well in terms of having a successful economy. Starting in the early 50s Canada was thriving primarily off of the waterways unlike today the country thrives off selling petroleum, cars, and other things other countries need and want. Although this shift from a farm based economy too much more industrialization did not happen until after the Great War, it wasn't until the 1920s until Canada

Unemployment currently sits at a seven point two percent as of March two thousand thirteen. This is a slight increase recently but has gone down from about eight point seven percent back in two thousand nine, the labor force has also increased by roughly one million people since the middle of two thousand nine. There has been a big boom for Canada since the American financial crisis which definitely affected the livelihood of Canadian citizens. Canada is unique because it is officially a bilingual country. This is an important factor when considering doing business in Canada. Canada has a constitutional monarchy which also has three branches of parliamentary (Legislative, Executive, and Judicial). The head of state is Queen Elizabeth the second. Canada is one of the top ten trading countries in the world; they are a very globalized country. They have a varied culture in Canada a major factor in this may be because it has the highest immigrations rate per capita in the entire world. The country itself prides itself on the multiculturalism that it promotes as a society and as a government. They come from British and French ancestry but also have a big influence from the Canadian people that instantly make Canada a very diverse market. Canada also ranks eleventh highest in human development as of March two thousand thirteen according to a Human Development Index study conducted by the United Nations Development Program.

Canada has established a clear goal towards helping businesses have long-term relationships & growth internationally and to save money. Mainly focusing on negotiating better rules/policies that will work alongside local manufacturing and exporting organizations in Canada and around the world. Canada has become willing to aim their business intentions towards working with the WTO and other countries, in efforts to overcome their global presence issues. The “Free Trade Agreement” helps Canada’s exporter and manufacturer gain a competitive advantage globally (with Europe, Latin America and other countries) by exposing them to new customers and investment opportunities (resulting in greater sales numbers). Constant focus on building a

Canada is a country, proud of its culture and heritage. Canada is a country in North America alongside the United States and Mexico, boarded by the Arctic, Atlantic, and Pacific oceans. Particularly Canada is a multicultural, diverse country with two national languages consisting of French, as well as English. Although the language is diverse it is not the only element that changes across the country. In addition, Canada consists of just under ten million kilometers squared of land, which is the second largest landmass in the world. Likewise, Canada has everything from flat grass to beautiful mountains, sparse hills to large valleys with mesmerizing beauty. Something to consider about Canada and its success is the aspects of Canadian society, and what is contributing to the overall well-being of all Canadian citizens making Canada a great country to live in.

In Canada, an important economic transformation accelerated as Britain was wholly supplanted by the United States as Canada's main economic partner. By the middle of the decade, economic development started to soar in Europe and the Roaring

More than 100 years ago Canada was a small child, progressing through life trying to find her place in this vast world. During the time periods of 1914-1945, 1950-1970, and 1971- 1990, there have been many factors that have helped induce her independence, including recognition due to military achievements, her international relationship with the United States, and uniting as one country. Through these times of hardship and glory Canada has succeeded in finding her autonomous identity in the world, as a middle power.

The Great Depression impacted millions of people globally. Canada was not an exception. However the lessons we learnt from it helped us better manage the impact of the 2008 recession. Canada suffered during the great depression, due to a lack of effective leadership that underestimated the impact of the situation at hand. After world war one, Canada was the fastest growing economy in the world.

This has led to many other characteristics which Canada is known for: being progressive, upholding gender equality, and being an altogether safe and happy nation. In fact, on the U.S. News and World Report survey, Canada was ranked number one for its quality of life. Canada shines in other aspects of society as well- it is highly environmentally friendly, technologically advanced, and boasts a thriving job market. As a result of Canada-U.S. trade agreements in the 1980s and 1990s, such as the North American Free Trade Agreement in 1994, Canada’s trade- and economy- has grown drastically. Moreover, while Canada’s service sector is immense, with the report citing Canada’s “high-tech industrial industry”, primary and secondary sectors are also thriving due to considerable exports in minerals, food, and energy.

Canada is the second largest country by total area in the world, extending from the Pacific to the Atlantic Ocean and north into the Arctic Ocean. Canada has ten Provinces and three Territories, bordering the United States on the South and Northwest sides. Ottawa is Canada capital city located in Ontario. Canada became its own country July 1, 1867 with the creation of the Constitution Act. Currently, Canada is home to a little over 36 million people, ranking as the 38th most populated country in the world.

Canada was a land of vast distances and rich natural resources, and became a hegemonic authority in 1867, while maintaining relations with the British Crown. Economically and technically, the nation has developed parallel to the United States, its neighbor to the south across the longest international border in the world. Canada faces the political challenges of meeting public demands for quality improvement in health care, education, social services and economic competitiveness. Canada also aims to develop its diverse energy resources while maintaining its commitment to the environment. (1)

Canada is one of the mightiest countries in the world due to its many unique characters. In the context of economy Canada is a leading competitor for many other giants in the world. As country there are many things to boast about Canada. Natural resources, healthcare, arts, music, and many more made Canada very much popular among other nations. This report discusses and analyse the political, economic and legal characteristics of Canada and its effect on doing business there in briefly.

     Over the past few years, Canada's economy has done comparatively well and has demonstrated some resilience to the fluctuating global economy. However, Canada remains to be relatively less competitive with respect to other developed countries. In this paper I will attempt to take a closer look at Canada's position in the global economy today and examine the relevant issues.

Canada is considered one of the best countries to live in the world because of its inhabitant’s high satisfaction. Homicide rates are very low and there is a wide acceptance of diversity. Canada has managed to gather the list of top 10 best countries only by winning the categories as best place to visit, the best place to work, invest and study. The tourism industry in Canada has generated more than $ 81.9 billion last year. Canada is considered the fifth best country to grow old because of their retirement programs. With the quality of Canadian health system a child born today can live up to 81 years on average. Canada ranks ninth in Employment and education structure. Approximately 64% of Canadians use their money to donate to charity. Canadians