Economic Activity in Canada

Have you ever just sat down and wondered what goes on in the Economy of Canada? Like what is our status compared to different countries? Think about what goes on in our manufacturing areas, the energy being produced and Canadas Agriculture. These 3 important aspects affect our lives but we do not simply see it. There are more things going on in our nation at any one time and even places around us that we never think about and how they change our quality of life. Canada was a wealthy nation with a high primary industry economy which transitioned into a manufacturing based economy but later into a service based economy. In World War 2, Canada had a gross domestic product of 29% but that dropped dramatically to around 15% in 2005. Countries that are industrialized and rich have suffered from a manufacturing slump in the 1960s but Canada was not one of those independent nations. Unlike the United States, we offer a very good healthcare system which is an important attraction for most non-Canadians. Our nation on the whole has a strong infrastructure to facilitate manufacturing such as automobiles, food products and aircrafts. Canada is known for hockey and lacrosse but our country is also known for being one of the top net exporters in 2009. One of the important accomplishments was the Athabasca oil sands which was made possible by Canadian technology to extract crude oil. The natural gas found in Alberta and in the Northwest Territories is basically transported to different parts of Canada. Compared to Venezuela and Saudi-Arabia, Canada is third in the world in largest oil reserves. In provinces such as British Columbia, Quebec, Ontario, Manitoba, Saskatchewan and the Labrador region use hydroelectric power which is inexpensive in those areas and even a source of cheap energy and good for our environment. Our country has many products of agriculture that we distribute all over including Asia and the United States. We export wheat, other grains, lumber, and fish products. When talking about the World Trade Organization, Canada is a supporter of reducing subsidies that are market influenced. Canada spent $4.6 billion helping our industries to boost their businesses in 2000. Our nation used $848.2 million of $4.6 billion to farming industries. Without the consent of the World Trade Organization, that money could not be used towards any of the industries. Our economy remains strong due to the citizens that are working hard to keep it in line. Manufacturing remains a big part of keeping Canada in a good state. More people are realizing that our nation has more than one type of energy to use. Canada is the second biggest country and we live up to a name of lending a hand with the amount of products we export due to our agriculture. Canada will be a growing nation and there will always be people to stick up for it and keep our country on all fours.