Canada runs on a market economic system. Which means it bases its production and distribution on supply and demand, rather than planing these things ahead. Canada's economy consists of two main industries called service and manufacturing. Agriculture is one of the very important industries that is in the category of both service and manufacturing. Trade is another important factor of Canada's economy. Exports make up a huge portion of Canada Gross Domestic Product (GDP). Industry, agriculture, and trade are all very important aspects that influence Canada's economic system.
Canada has two sections of industry; one of these sections is manufacturing. Manufacturing is the process of making products out of raw materials. Thirteen percent of Canadians work in businesses or factories that produce goods. Some of these manufactured goods are transportation equipment, industrial machinery, chemicals, plastics, paper products, and food products. Most of Canada's manufacturing takes place in Ontario and Quebec. Ontario is well known for its automating industry, while Quebec is known for its work in textile industries.
The next type of industry is service. Service industries provide services to customers rather than manufactured goods. Almost six times the amount of Canadians work in service than manufacturing and it accounts for over sixty percent of Canada's GDP. A few service work fields are real estate, transportation, insurance, teaching, and medical professions . Canada's labour force contains around 18.89 million workers, which can be split into five categories. The categories are agriculture, manufacturing, construction, service, and others. Canada's main industries are hunting, fishing, herding, forestry, mining, and farming....
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...ecause of its various resources and large amounts of exports. Large industries such as agriculture also influence Canada's GPD. Industry, agriculture, and trade are what makes Canada market economic system function.
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The Relevancy of the Heartland - Hinterland Distinction in Canada's Economic Geography Until the early 20th century, Canada was primarily an agricultural nation. Since then it has become one of the most highly industrialized countries in the world as a direct result of the development of the ‘heartland'. To a large extent the manufacturing industries present in the heartland are supplied with raw materials produced by the agricultural, mining, forestry, and fishing sectors of the Canadian economy, a region known as the ‘hinterland'. The ‘ heartland-hinterland' concept in Canada describes patterns of economic power, namely, where economic power and control resides within the nation.
Parr, J. & Janovicek, N. (2003). Histories of Canadian Children and Youth. Canada: Oxford University Press.
Before the war, Canada’s most important sector in its economy was agriculture. However, this was changing drastically after and during the war as industry began to take over as being more important. Canadian production of war material, food supplies, and raw materials had been crucial during the war. After the war, it was only natural that big investments were being made in mining, production, transportation, and services industries. Canadian cities were becoming very important contributors to the economy. This was also bringing in waves of post-war immigration, the backbone of Canada’s multicultural society we know today.
Canada ruled the 20th century through science and technology and advanced more than any other country in this time period. Prime Minister Laurier was correct when he stated in his speech “that it is Canada that shall fill the 20th century.” Technology and science were one of the huge factors for Canada being a successful country compare to the world. In technology and science, there were many inventions that were developed in Canada that wowed the world and made Canada feel incredible. Even though war is sad and cruel, the crazy need to survive and the confidence to strive for success has made Canada’s technology and science advance greatly. During the near closing point of the 20th century, Canada’s environment and living is being more advanced and they are thinking about the future generations to come.
Currently, Canada remains the world’s second largest country, full of vast and rich resources from all corners of the nation. None of the accomplishments and achievements that Canada has made to date would have been possible without Confederation. Without intense pressure from the Americans, and without the common goal that a few men shared of unifying a country, Canada would not be the strong, free, independent and united nation that it is today.
One of the most significant changes was economic development. The war had changed Canada’s economy greatly both during and after the war. After the war, Canada transitioned from a war based production economy, to a peacetime supply and demand economy. New jobs were created in different sectors of the economy. As R.B Bennett said in a speech “By any economic test you may employ, Canada is more prosperous today than it was two years ago...” (Bennett, Richard Bedford, 1870-1947) Canada’s manufacturing industry had grown which allowed it to become a leader in industries such as automotive manufacturing and chemical processing. Besides manufacturing, many other sectors of the economy gained success. For example, the production of newsprint became Canada’s largest industry after agriculture. Moreover, the Prairie Provinces enjoyed huge success with wheat. New mining discovers were also made in the 1920’s. By 1929, Canada was producing almost 80 percent of the world’s supply of nickel. Furthermore, the 1947 discovery of oil in Alberta made Canada a petroleum superpower. The growth of manufacturing changed the global perspective on Canada and gave Canadians a significant
Thompson, John Herd, and Mark Paul Richard. "Canadian History in North American Context." In Canadian studies in the new millennium. Toronto: University of Toronto Press, 2008. 37-64.
in the last decade. Canadian exports to the U.S. grew by 21% in 1994 and are
Canada holds a very unique place around the world with exclusive characteristics, symbols and signs that sets Canada apart from other cultures and countries. In this Mr. Sub advertisement, Canadianness is produced in various ways throughout. Moreover, Mounties, lumberjacks, dog sleds, the color red,
The Canadian economy in the 1920’s had a rough start because of the post war problems, but it gradually began to pick up, it made a positive turn by developing new industries, as well, the average consumer income increased, which in the end allowed for a more optimistic country. First, the development of industries allows Canada to have a wider range of opportunities, and money entering the country. For example, it has been stated that: “Though the early 1920's were difficult conditions did improve by the mid 1920's. Foreign investors gained confidence in Canada and as a result new industries were developed. Canada had become the largest wheat exporter in the world” (Economy on the upswing). This shows that Canada had not only started off at a low point and moved forward, but they went above the needed and became number one in the world for a positive economic situation. Therefore this event was very beneficial and made a huge contribution towards a positive turn and optimism in Canada. The positive turn in economy was also created by the increased consumer income, this allowed Canada as a country to become more developed and maintain even more money. For example, in the mid 1920’s there was an economy boom which started to increa...
O DODSON, Edward. “Canada: an idea that must survive”. Online at: http://www.uni.ca/livreouvert/dodson_e.html , consulted on February 9, 2004.
Afterward Canada gradually began the trade with countries all around the world. The global trade started to enrich the Canadian immigrants culturally and benefited many people economically as well. This aided businesses in Canada significantly. Now the Canadians had access to many products, such as fruits, vegetables, clothing items and more, which were never before produced or accessed in the Canadian market, which now, made it convenient for the
In a developing country like Canada, new products are continually being produced for use within Canada and to be exported to. other countries for profit. Canada’s healthcare is superior; we are able to eliminate diseases. like the measles. Canada keeps up with the latest technology in medical equipment and medicines to treat Canadians.
The shortage of skilled workers in the coming decade poses a serious threat to all aspects of the Canadian economy. Like all others, our economy is comprised of three major elements: primary products, secondary goods and services. My research indicates that primary products constitute just over 7% of Canada's GDP, secondary goods account for 21%, and the services comprise 72%. This distribution although heavily in favor of the service industry still shows the importance of the secondary/manufacturing industry in Canada's modern day economy. Taking into fact that since the late nineteenth century, Canada's centre of manufacturing is focused in two provinces, Ontario and Quebec. Consistently, year after year, Ontario contributes about 50% of the Canadian total of manufactured goods produced, measured by value, and Quebec 25%.
2009: 10+. CPI.Q (Canadian Periodicals) -. Web. The Web. The Web.