Foreign Country Economy Paper - Canada

Foreign Country Economy Paper - Canada


Foreign Country Economy Paper – Canada
At the top of the North American Continent is the country of Canada, which has three territories, as well as ten provinces. It extends from the Atlantic Ocean to the Pacific Ocean, as well as to the north to the Arctic Ocean and connects to the United States of America to the south. By size, it is the second largest country by total area, but the fourth largest by land area. The country is run by a federal parliamentary democracy as well as a constitutional monarchy with Queen Elizabeth II as the head of state. It is part of the Commonwealth of Nations, World Trade Organization, Organization for Economic Co-operation and Development and the United Nations. At the federal level it is bilingual, speaking French and English. Canada has an advanced economy and is one of the largest in the world as they rely upon the abundant natural resources as well as their developed trade networks. The relationship with the United States has had a great impact on Canada’s Economy as well as their culture. Canada is one of the wealthiest in the world, and has the eight highest per capital income globally. The education levels as well as government transparency, quality of life, economic freedoms and the civil liberties in Canada rank it among the highest when compared to international measurements. They are one of the few nations that are net exporters of energy, as they possess vast offshore deposits of Natural Gas, and host large oil and gas resources. They have approximately 13% of the world’s global oil reserves, which is the third largest. They are also a large supplier of agricultural products, supplying wheat, canola, and other grains. In addition to energy exports and agricultural exports, they are known for their major metal exports of zinc and uranium, as well as gold, nickel, aluminium, steel, iron ore, coal and lead. They import mineral fuel and oil, vehicles, machinery, and plastics (Investors Friend).
Canada...

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