Canada is a country occupying most of northern North America,
extending from the Atlantic Ocean in the east to the Pacific Ocean in the west and northward into the Arctic Ocean. It is the second largest country in the world by total area and shares land borders with the United States to the south and northwest. The lands have been inhabited for millennia by aboriginal peoples. Beginning in the late 15th century, British and French expeditions explored the land and later settled the Atlantic coast. France ceded nearly all of its colonies in North America in 1763 after the Seven Years War. In 1867, with the union of three British North American colonies through Confederation, Canada was formed as a federal, semi-autonomous polity. The economy Canada is one of the world's wealthiest nations with a high per- capital income, a member of the Organisation for Economic Co-operation and Development (OECD) and Group of Eight (G8). Canada is a free market economy with slightly more government intervention than the United States, but less than most European nations. Canada has traditionally had a lower per-capital gross domestic product (GDP) than its southern neighbour (whereas wealth has been more equally divided), but higher than the large western European economies. The Organisation for Economic Co-operation and Development (OECD) is an international organisation of thirty countries, that accept the principles of representative democracy and a free market economy. The Group of Eight (G8), also known as Group of Seven and Russia, is an international forum for the governments of Canada, France, Germany, Italy, Japan, Russia, The United Kingdom and The United States. Together, these countries represent about 65% of the world economy and the majority of global military power (7 of the top 8 positions for military expenditure, and almost all of the world's active nuclear weapons.) Each year, member states of the G8 take turns assuming the presidency of the group. The holder of the presidency sets the group's annual agenda and hosts the summit for that year. The economic sectors As the second largest country in the world, Canada has considerable natural resources spread across its varied regions. In British Columbia, the forestry industry is of great importance, while the oil industry is big in Alberta and Newfoundland and Labrador. Northern Ontario is home to a wide array of mines, while the fishing industry has long been central to the character of the Atlantic provinces, though it has recently been in steep decline. Energy Canada is one of the few developed nations that is a net exporter of energy. The most important resources are oil and gas centered in Alberta, but also present in neighbouring British Columbia and Saskatchewan. The vast Athabasca Tar Sands give Canada the world's second largest reserves of oil after Saudi Arabia according to USGS. In Quebec and British Columbia, as well as in Ontario and Manitoba, hydroelectric power is a cheap and relatively environmentally friendly source of abundant energy. In part because of this, Canada is also one of the world's highest per capital consumers of energy. Cheap energy has enabled the creation of several important industries, such as the large aluminum industry in Quebec and British Columbia. In times of high oil prices the majority of Canada's population suffers, while the West grows extremely wealthy. Historically, an important issue in Canadian politics is that while Western Canada is one of the world's richest sources of energy, the industrial heartland of Southern Ontario and Quebec has fewer native sources of power. Manufacturing The general pattern of development for wealthy nations was a transition from a primary industry based economy to a manufacturing based one, and then to a service based economy. Canada did not follow this pattern; manufacturing has always been secondary, though certainly not unimportant. Ontario is home to branch plants to all the major American and Japaneese automobile makers and many factories owned by Canadian firms such as Magna International and Linamar Corporation. Ontario produces more vehicles each year than the neighboring U.S. state of Michigan, the heart of the American automobile industry. Manufacturers have been attracted to Canada due to the highly educated population with lower labour costs than The United States. Service sector The service sector in Canada is vast and multifaceted, employing some three quarters of Canadians and accounting for two thirds of GDP. The largest employer is the retail sector, employing almost 12% of Canadians. The retail industry is mainly concentrated in a relatively small number of chain stores clustered together in shopping malls. In recent years the rise of big-box stores, such as Wal-Mart (of the United States) and Future Shop (a subsidiary of the American Best Buy), have led to fewer workers in this sector and a migration of retail jobs to the suburbs. The second largest portion of the service sector is the business services, employing only a slightly smaller percentage of the population. This includes the financial services, real estate, and communications industries. This portion of the economy has been rapidly growing in recent years. It is largely concentrated in the major urban centres, especially Toronto. The education and health sectors are two of Canada's largest, but both are large under the purview of the government. Canada has an important high tech industry, and also an entertainment industry creating content both for local and international consumption. Tourism has a major importance, with the vast majority of international visitors coming from the United States, though the recent strength of the Canadian Dollar has damaged this sector. Tourism Canada, as a rich Western country, has both a large domestic and foreign tourist industry. Canada is known for its large, majestic landscapes and several record-holding landmarks. Some of the major attractions of the country include its cities but it is probably better known worldwide for its extensive, lightly populated or unpopulated areas of wilderness and its natural sights. Every year 17 468 000 foreign people, mostly from The USA come in Canada. The incomes are around 9.3 millliard $. The most important zones and objectives are: the Quebec province with Montreal (The Church Marie-Reine-du-Monde, the old city, the Olympic Park), The Niagara Falls, Vancouver, Quebec and the parks Laurentides, Mont Tremblant, Saguenay. Other touristiques objectives are: The Ontario provinces, with Toronto (which has the highest buliding in the entire world: 553 m.); Ottawa with the Aviation Museum and the Civilisations Museum; The Rocky Mountains and The Coast Mountains with many watering places, winter sports and natural parks; the prairie zones with The Wood Buffalo National Park and The Banff National Park (the oldest); The Atlantic zone which includes the city of Halifax, The Newfoundland Island (with the oldest european location from America - L’Anse aux Meadows), New Brunswick and other national parks like: Kluane, Dinosaures, Nahanni.