The United States is the biggest trap: the elements of the Canadian economy

Canada is the seventh largest economy in the world (measured in US dollars at market exchange rates), which is one of the richest nations in the world, a member of the Organization for Economic Cooperation and Development (OECD) and the Group of Seven (G7). As is the case with other developed nations, dominated by the service industry the Canadian economy, the sector which uses nearly three-quarters of Canadians. It is normal in Canada relative to the developed countries, is the importance of the raw materials sector, the fact that the logging and oil industries of two of the most important Canadian sectors.

Canada is also a large industrial sector, centered in central Canada, is the auto industry. International trade is a significant part of the Canadian economy, particularly its natural resources. The United States is by far Canada's largest trading partner extent, with about 76% of exports and 65% of imports starting from 2007. In 2006, exports and imports ranked Canadian combined eighth among all nations. Economic sectors Canada has considerable natural resources spread across different regions. British Columbia (British Columbia), the forestry industry is of great importance, while the oil industry important in Newfoundland and Labrador and Alberta. Also, Northern Ontario is the center of a wide range of mines, while the fishing industry has long been central to the population of the Atlantic provinces, although it has recently suffered a sharp setback. These industries become less important increasingly in relation to the general economy. Only 4% of user Canadians in these fields, they make up less than 6% of GDP. However, these industries is still essential in many parts of the country.

Many, if not most of the towns in northern Canada, where agriculture difficult, is still the list because of a nearby mine or source of timber. Canada is leading many natural resources such as gold, nickel, uranium, diamonds, lead global production. Several major Canadian companies working in the natural resources industries, such as: EnCana, Cameco, Goldcorp, and Barrick Gold. It issued the vast majority of these products, mainly to the United States of America. There are also many secondary and service industries that are directly related to basic industries. For example, the paper industry is a major Canadian industrial sectors, which is directly linked to industry logging. Relatively high dependence on natural resources has several effects on the Canadian economy and Canadian society. While it is easy to unite the industry and the services sector, the natural resources vary greatly by region. This ensures that the different economic structures that have developed in every region of Canada, contributing to the regional Canada strong. At the same time, the vast majority of these natural resources being exported, which integrates Canada directly in the international economy. The impact of such industries are also important questions about continuity. Despite the passage of several decades on Canada as an outstanding product, the risk of depletion of the few natural resources ratio. Large continuous discoveries, such as the massive discovery of a substance in the Voisey Bay nickel. Moreover, the far north remains largely underdeveloped in terms of production, while producers are waiting for higher prices or new techniques and many of the operations in this region, yet very expensive. In recent decades, Canadians have become less willing to accept the idea that environmental destruction is linked to the exploitation of natural resources. The high wages and allegations by the indigenous peoples of ownership of the land, also curbed expansion. Instead, many Canadian companies and their discoveries activities overseas expansion focused where prices are cheaper and more governments are welcome. Canadian companies play important roles increasingly in Latin America, Southeast Asia, and Africa. Are viable sources of renewal that has raised some of the great fears. After decades of escalating exploitation and investment, collapsed cod fish trade (Cod) almost in the nineties, the industry has suffered salmon (Salmon) in the Pacific Ocean so much, too. Industry and logging, after many years of activity, has moved in recent years to become a model in the preservation of the environment. energy Canada is one of the few energy-exporting developed nations. The most important of the big sources of oil and gas in Alberta-based Northern territory, but they are also present in neighboring Saskatchewan and British Columbia. The tar sands and oil (Athabasca) in wide places, give Canada the world's second largest oil reserves after Saudi Arabia, according to the US Geological Survey Organization (USGS). The hydroelectric power is a cheap and convenient source of relatively abundant energy from the environment in both British Columbia and Quebec, as well as Ontario and Saskatchewan and Manitoba. Because of this, Canada is also one of the countries in the world where the highest energy consumption per capita is considered. I have cheap energy has enabled the creation of several important industries, such as large aluminum industry in Quebec, Alberta and British Columbia. Historically, it originated important in Canadian policy issue is that while Western Canada is one of the richest sources of energy in the world, the heart of the industrial zone in southern Ontario depend less on domestic sources of energy. In any event, the Alberta find that its cheaper shipping its oil to the United States from Western shipped to eastern Canada. Therefore, we believe the eastern Canadian ports to import huge amounts of oil from outside of Canada, Ontario and turn to the use of nuclear energy. In times where high oil prices, it means that the majority of Canada's population will suffer, while the West will benefit. I tried the national energy policy in the early eighties to force Alberta to sell the lowest price for oil to eastern Canada. But this policy was the cause of great controversy, and quickly lost its importance when oil prices collapsed in the mid-eighties. But one of the most controversial free trade agreement between Canada and America Forums in 1988 was the promise made by Canada that it will not power shipped to the United States at a price of more than up to the Canadian citizen.