Economic outlay of Canada

By EasyUni Staff | Last modified 11 Nov 2017
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However, its economic activity is mostly attributed to the large proportion of the services-sector, which occupies most of the labor force (71%).

 

General Statistics

 

World Rank

11th

GDP

US$ 1.839 trillion

GDP growth (2012)

1.80%

Currency

Canadian Dollar CAD

Inflation

1.20%

Population below poverty line

10.80%

Unemployment rate

7.00%

 

Sectors and Occupation

There are several industries you can work in after you graduate. The country’s main sector is services which occupies the majority of the labor force (71%). However, the countries main industries are listed below.

 

Main Sectors

 

The main industries in the services-sector and industries-sector are:

Services (71 %)

Industry (27.1 %)

Retail sector

Transportation equipment

Financial services

Chemicals

Real estate

Processed and unprocessed materials

Communication industries

Food products

Education and health industries

Wood and paper products

High Tech industries

Fish products

Entertainment industries

Petroleum and natural gas

Tourism

 

 

Ten Largest companies in Canada

Many of the Canadian companies are successful. The biggest of them are listed below. In case you’re interested in working at one of these, don’t hesitate to find out which university provides the appropriate course to study. You find a list of Canadian universities here.

  • Royal Bank of Canada
  • Bank of Nova Scotia
  • Toronto-Dominion Bank
  • Bank of Montreal
  • Imperial Oil
  • Canadian Imperial Bank of Commerce
  • Suncor Energy
  • BCE Inc.               
  • Canadian National Railway
  • Potash Corporation of Saskatchewan

 

Trading activites

The economic performance is also reflected in the strength of the Canadian dollar, whose exchange rate is nearly 1:1 to the US$. Canada sends 75% of its exports to the US. This illustrates that Canada benefits from its strong neighbour, resulting in an economic growth of 1.8% in 2012.

 

Imports and Exports

Most traded goods

Imported goods

Exported goods

Machinery and equipment

Motor vehicles and parts

Motor vehicles and parts

Industrial machinery

Crude oil

Aircraft

Chemicals

Telecommunications equipment

Electricity

Chemicals

Durable consumer goods

Plastics

 

Fertilizers

 

Wood pulp

 

Timber

 

Crude petroleum

 

Natural gas

 

Electricity

 

Aluminium

Posted on 09 Oct 2017
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