Economic overview Canada, in 36 editions.

As an affluent, high-tech industrial society, Canada today closely resembles the US in per capita output, market-oriented economic system, and pattern of production. Since World War II the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. In the 1980s Canada registered one of the highest rates of real growth among the OECD nations, averaging about 4%. 3.2%. With its great natural resources, skilled labor force, and modern capital plant, Canada has excellent economic prospects. In mid-1990, however, the long-simmering problems between English- and French-speaking areas became so acute that observers spoke openly of a possible split in the confederation; foreign investors were becoming edgy.

As an affluent, high-tech industrial society, Canada today closely resembles
the US in per capita output, market-oriented economic system, and pattern of
production. Since World War II the impressive growth of the manufacturing,
mining, and service sectors has transformed the nation from a largely rural
economy into one primarily industrial and urban. In the 1980s 1980s, Canada
registered one of the highest rates of real growth among the OECD nations,
averaging about 3.2%. With its great natural resources, skilled labor force,
and modern capital plant, Canada has excellent economic prospects. In mid-1990, however, However,
the long-simmering problems continuing constitutional impasse between English- and French-speaking
areas became so acute that has observers spoke openly of discussing a possible split in the confederation;
foreign investors were are becoming edgy.

As an affluent, high-tech industrial society, Canada today closely resembles
the US in per capita output, market-oriented economic system, and pattern of
production. Since World War II the impressive growth of the manufacturing,
mining, and service sectors has transformed the nation from a largely rural
economy into one primarily industrial and urban. In the 1980s, Canada
registered one of the highest rates of real growth among the OECD nations,
averaging about 3.2%. With its great natural resources, skilled labor force,
and modern capital plant, Canada has excellent economic prospects. However,
the continuing constitutional impasse between English- and French-speaking
areas has observers discussing a possible split in the confederation; foregn
foreign investors are becoming have become edgy.

As an affluent, high-tech industrial society, Canada today closely resembles
resembles the US in per capita output, market-oriented economic
system, and pattern of
production. Since World War II the impressive
growth of the manufacturing,
mining, and service sectors has
transformed the nation from a largely rural
economy into one primarily
industrial and urban. In the 1980s, Canada
registered one of the
highest rates of real growth among the OECD nations,
averaging about
3.2%. With its great natural resources, skilled labor force,
and
modern capital plant, Canada has excellent economic prospects. However, prospects,
although the country still faces high unemployment and a growing debt.
Moreover, the continuing constitutional impasse between English- and French-speaking
French-speaking areas has observers discussing a possible split in the confederation; foregn
confederation; foreign investors have become edgy.

As an affluent, high-tech industrial society, Canada today closely
closely resembles the US in per capita output, market-oriented economic
economic system, and pattern of production. Since World War II the impressive
impressive growth of the manufacturing, mining, and service sectors has
has transformed the nation from a largely rural economy into one primarily
primarily industrial and urban. In the 1980s, Canada registered one of the
the highest rates of real growth among the OECD nations, averaging about
about 3.2%. With its great natural resources, skilled labor force, and
modern capital plant, Canada has excellent economic prospects,
although the country still faces high unemployment and a growing debt.
Moreover, the continuing constitutional impasse between English- and
French-speaking areas has observers discussing a possible split in the
confederation; foreign investors have become edgy.

As an affluent, high-tech industrial society,
Canada today
closely resembles the US in per capita output, market-oriented
market-oriented economic system, and pattern of production. Since
World War II II, the
impressive growth of the manufacturing, mining,
and service sectors
has transformed the nation from a largely rural
economy into one
primarily industrial and urban. In the 1980s, Canada registered one of
started the highest
1990s in recession, and real rates of real growth among the OECD nations, averaging have averaged only 1.1%
about 3.2%. so far this decade. Because of slower growth, Canada still faces
high unemployment and a large public sector debt. With its great
natural resources, skilled labor force, and
modern capital plant,
however, Canada has excellent will enjoy better economic prospects,
although prospects in the country still faces high unemployment and a growing debt. future.
Moreover, the The continuing constitutional impasse between English- and
French-speaking areas has observers discussing is raising the possibility of a possible split in the
confederation; confederation, making foreign investors have become somewhat edgy.

As an affluent, high-tech industrial society,
Canada today closely resembles the US in per capita output,
market-oriented economic system, and pattern of production. Since
World War II, the impressive growth of the manufacturing, mining,
and
service sectors has transformed the nation from a largely rural
economy into one primarily industrial and urban. Canada started the
1990s in recession, and real rates of growth have averaged only 1.1%
so far this decade. Because of slower growth, Canada still faces
high
unemployment - especially in Quebec and the Maritime Provinces - and a
large public sector debt. With its great
natural resources, skilled
labor force, and modern capital plant,
however, Canada will enjoy
better economic prospects in the future.
The continuing constitutional
impasse between English- and
French-speaking areas is raising the
possibility of a split in the
confederation, making foreign investors
somewhat edgy.

As an affluent, high-tech industrial society,
Canada
today closely resembles the US in per capita output,
its market-oriented economic system, and
pattern of production. production, and high living standards. Since
World War II,
the impressive growth of the manufacturing, mining, and
service
sectors has transformed the nation from a largely rural
economy into
one primarily industrial and urban. Canada started the
1990s in
recession, and real rates of growth have averaged only 1.1%
so far
this decade. Because of slower growth, Canada still faces high
unemployment - especially unemployment-especially in Quebec and the Maritime Provinces - and Provinces-and a
large public sector debt. With its great natural resources, skilled
labor force, and modern capital plant, however, Canada will enjoy
better economic prospects in the future. The continuing constitutional
impasse between English- and French-speaking areas is raising the
possibility of a split in the confederation, federation, making foreign investors
somewhat edgy.

As an affluent, high-tech industrial society, Canada
Canada today closely resembles the US in its market-oriented
economic system,
pattern of production, and high living standards.
Since World War II,
the impressive growth of the manufacturing,
mining, and service
sectors has transformed the nation from a
largely rural economy into
one primarily industrial and urban. Canada started the 1990s in Real
recession, and real rates of growth have averaged only 1.1% so far
this decade. Because of slower growth, Canada still faces high nearly 3.0% since 1993. Unemployment
unemployment-especially in Quebec is falling and the Maritime Provinces-and a government budget surpluses are being partially
devoted to reducing the large public sector debt. The 1989 US-Canada
Free Trade Agreement (FTA) and 1994 North American Free Trade
Agreement (NAFTA) (which included Mexico) have touched off a
dramatic increase in trade and economic integration with the US.
With its great natural resources, skilled
labor force, and modern
capital plant, however, plant Canada will enjoy
better can anticipate solid economic prospects in the
future. The continuing constitutional
impasse between English- and
French-speaking areas is raising the
possibility of a split in the
federation, making foreign investors
somewhat edgy.

As an affluent, high-tech industrial society,
Canada today closely resembles the US in its market-oriented
economic system, pattern of production, and high living standards.
Since World War II, the impressive growth of the manufacturing,
mining, and service sectors has transformed the nation from a
largely rural economy into one primarily industrial and urban. Real
rates of growth have averaged nearly 3.0% since 1993. Unemployment
is falling and government budget surpluses are being partially
devoted to reducing the large public sector debt. The 1989 US-Canada
Free Trade Agreement (FTA) and 1994 North American Free Trade
Agreement (NAFTA) (which included Mexico) have touched off a
dramatic increase in trade and economic integration with the US.
With its great natural resources, skilled labor force, and modern
capital plant Canada can anticipate enjoys solid economic prospects in prospects. Two shadows loom, the
future. The first being the continuing constitutional impasse between English- and
French-speaking areas is areas, which has been raising the possibility of a split in the
federation, making foreign investors somewhat edgy. federation. Another long-term concern is the flow south to the US of professional persons lured by higher pay, lower taxes, and the immense high-tech infrastructure.

As an affluent, high-tech industrial society, Canada today closely resembles the US in its market-oriented economic system, pattern of production, and high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. Real rates of growth have averaged nearly 3.0% since 1993. Unemployment is falling and government budget surpluses are being partially devoted to reducing the large public sector debt. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which included includes Mexico) have touched off a dramatic increase in trade and economic integration with the US. With As a result of the close cross-border relationship, the economic sluggishness in the United States in 2001-02 had a negative impact on the Canadian economy. Real growth averaged nearly 3% during 1993-2000, but declined in 2001, with moderate recovery in 2002. Unemployment is up, with contraction in the manufacturing and natural resource sectors. Nevertheless, given its great natural resources, skilled labor force, and modern capital plant Canada enjoys solid economic prospects. Two shadows loom, the first being the continuing constitutional impasse between English- and French-speaking areas, which has been raising the possibility spectre of a split in the federation. Another long-term concern is the flow south to the US of professional persons professionals lured by higher pay, lower taxes, and the immense high-tech infrastructure. A key strength in the economy is the substantial trade surplus.

As an affluent, high-tech industrial society, Canada today closely resembles the US in its market-oriented economic system, pattern of production, and high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US. As a result of the close cross-border relationship, the economic sluggishness in the United States in 2001-02 had a negative impact on the Canadian economy. Real growth averaged nearly 3% during 1993-2000, but declined in 2001, with moderate recovery in 2002. Unemployment is up, with contraction in the manufacturing and natural resource sectors. Nevertheless, given its great natural resources, skilled labor force, and modern capital plant Canada enjoys solid economic prospects. Two shadows loom, the first being the continuing constitutional impasse between English- and French-speaking areas, which has been raising the spectre specter of a split in the federation. Another long-term concern is the flow south to the US of professionals lured by higher pay, lower taxes, and the immense high-tech infrastructure. A key strength in the economy is the substantial trade surplus.

As an affluent, high-tech industrial society, Canada today closely resembles the US in its market-oriented economic system, pattern of production, and high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US. As a result of the close cross-border relationship, the economic sluggishness in the United States in 2001-02 had a negative impact on the Canadian economy. Real growth averaged nearly 3% during 1993-2000, but declined in 2001, with moderate recovery in 2002. 2002-03. Unemployment is up, with contraction in the manufacturing and natural resource sectors. Nevertheless, given its great natural resources, skilled labor force, and modern capital plant Canada enjoys solid economic prospects. Two shadows loom, the first being the continuing constitutional impasse between English- and French-speaking areas, which Solid fiscal management has been raising the specter of produced a split in the federation. Another long-term concern budget surplus which is substantially reducing the flow south national debt, although public debate continues over how to manage the US rising cost of professionals lured by higher pay, lower taxes, and the immense high-tech infrastructure. A key strength in the economy is the publicly funded healthcare system. Trade accounts for roughly a third of GDP. Canada enjoys a substantial trade surplus. surplus with its principal trading partner, the United States, which absorbs more than 85% of Canadian exports. Roughly 90% of the population lives within 160 kilometers of the US border.

As an affluent, high-tech industrial society, newly entered in the trillion dollar class, Canada today closely resembles the US in its market-oriented economic system, pattern of production, and high affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US. As a result of the close cross-border relationship, the economic sluggishness in the United States in 2001-02 had a negative impact on the Canadian economy. Real growth averaged nearly 3% during 1993-2000, but declined in 2001, with moderate recovery in 2002-03. Unemployment is up, with contraction in the manufacturing and natural resource sectors. Nevertheless, given Given its great natural resources, skilled labor force, and modern capital plant Canada enjoys solid economic prospects. Solid fiscal management has produced a long-term budget surplus which is substantially reducing the national debt, although public debate continues over how to manage the rising cost of the publicly funded healthcare system. Trade accounts Exports account for roughly a third of GDP. Canada enjoys a substantial trade surplus with its principal trading partner, the United States, which absorbs more than 85% of Canadian exports. Roughly 90% of the population lives within 160 kilometers of the US border.

As an affluent, high-tech industrial society, newly entered society in the trillion dollar class, Canada closely resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US. Given its great natural resources, skilled labor force, and modern capital plant plant, Canada enjoys solid economic prospects. Solid Top-notch fiscal management has produced a long-term budget surplus which is substantially reducing the national debt, consecutive balanced budgets since 1997, although public debate continues over how to manage the rising cost of the publicly funded healthcare system. Exports account for roughly a third of GDP. Canada enjoys a substantial trade surplus with its principal trading partner, the United States, US, which absorbs more than 85% of Canadian exports. Canada is the US' largest foreign supplier of energy, including oil, gas, uranium, and electric power.

As an affluent, high-tech industrial society in the trillion dollar trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US. Given its great natural resources, skilled labor force, and modern capital plant, Canada enjoys solid economic prospects. Top-notch fiscal management has produced consecutive balanced budgets since 1997, although public debate continues over how to manage the rising cost of the publicly funded healthcare system. Exports account for roughly a third of GDP. Canada enjoys a substantial trade surplus with its principal trading partner, the US, which absorbs more than about 85% of Canadian exports. Canada is the US' largest foreign supplier of energy, including oil, gas, uranium, and electric power.

As an affluent, high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US. Given its great natural resources, skilled labor force, and modern capital plant, Canada enjoys solid economic prospects. Top-notch fiscal management has produced consecutive balanced budgets since 1997, although public debate continues over how to manage the rising cost equitable distribution of federal funds to the publicly funded healthcare system. Canadian provinces. Exports account for roughly a third of GDP. Canada enjoys a substantial trade surplus with its principal trading partner, the US, which absorbs about 85% 80% of Canadian exports. exports each year. Canada is the US' US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. During 2007, Canada enjoyed good economic growth, moderate inflation, and the lowest unemployment rate in more than three decades.

As an affluent, high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US. Given US, its great natural resources, skilled labor force, and modern capital plant, Canada enjoys solid economic prospects. Top-notch fiscal management has produced consecutive balanced budgets since 1997, although public debate continues over the equitable distribution of federal funds to the Canadian provinces. Exports account for roughly a third of GDP. principle trading partner. Canada enjoys a substantial trade surplus with its principal trading partner, the US, which absorbs nearly 80% of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. During 2007, Given its great natural resources, skilled labor force, and modern capital plant, Canada has enjoyed good solid economic growth, moderate inflation, and prudent fiscal management has produced consecutive balanced budgets from 1997 to 2007. In 2008, growth slowed sharply as a result of the lowest unemployment rate global economic downturn, US housing slump, plunging auto sector demand, and a drop in more than three decades. world commodity prices. Public finances, too, are set to deteriorate for the first time in a decade. Tight global credit conditions have further restrained business and housing investment, despite the conservative lending practices and strong capitalization that made Canada's major banks among the most stable in the world.

As an affluent, high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US, its principle principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs nearly 80% about three-fourths of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its great natural resources, skilled labor force, and modern capital plant, Canada has enjoyed solid economic growth, and prudent fiscal management has produced consecutive balanced budgets growth from 1997 to 1993 through 2007. In 2008, growth slowed sharply as a result of Buffeted by the global economic downturn, US housing slump, plunging auto sector demand, and crisis, the economy dropped into a drop sharp recession in world commodity prices. Public finances, too, are set to deteriorate for the final months of 2008, and Ottawa posted its first time fiscal deficit in a decade. Tight global credit conditions have further restrained business and housing investment, despite 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the country's tradition of conservative lending practices and strong capitalization that made capitalization. During 2010, Canada's major banks among the most stable in the world. economy grew only 3%, because of weak exports.

As an affluent, high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US, its principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its great natural resources, skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the country's financial sector's tradition of conservative lending practices and strong capitalization. During 2010, Canada's economy grew only 3%, because of weak exports. due to decreased global demand and a highly valued Canadian dollar.

As an affluent, high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US, US its principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its great natural resources, highly skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the global economic crisis, economiccrisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. During 2010, Canada's economy grew only 3%, due Canada achieved marginal growth in 2010-12 and plans to decreased global demand balance the budget by 2015. In addition, the country's petroleum sector is rapidly becoming an even larger economic driver with Alberta's oil sands significantly boosting Canada's proven oil reserves, ranking the country third in the world behind Saudi Arabia and a highly valued Canadian dollar. Venezuela.

As an affluent, a high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US its principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its great natural resources, highly skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the global economiccrisis, economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-12 and plans to balance the budget by 2015. In addition, the country's petroleum sector is rapidly becoming an even larger economic driver with Alberta's oil sands significantly boosting Canada's proven oil reserves, ranking the country third in the world behind Saudi Arabia and Venezuela.

As a high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US US, its principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian merchandise exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its great abundant natural resources, highly skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-12 2010-13 and plans to balance the budget by 2015. In addition, the country's petroleum sector is rapidly becoming an even larger economic driver with expanding, because Alberta's oil sands significantly boosting boosted Canada's proven oil reserves, ranking the country reserves. Canada now ranks third in the world in proved oil reserves behind Saudi Arabia and Venezuela.

As a high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US, its principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian merchandise exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. power, and a top source of US uranium imports. Given its abundant natural resources, highly skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the early intervention by the Bank of Canada and the financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-13 2010-14 and plans to balance the budget by 2015. 2015 despite the recent drop in oil prices. In addition, the country's petroleum sector is rapidly expanding, because Alberta's oil sands significantly boosted Canada's proven oil reserves. Canada now ranks third in the world in proved oil reserves behind Saudi Arabia and Venezuela. Venezuela and is the world’s fifth-largest oil producer.

As a high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. In addition, the country's petroleum sector is rapidly expanding, because Alberta's oil sands significantly boosted Canada's proven oil reserves. Canada now ranks third in the world in proved oil reserves behind Venezuela and Saudi Arabia and is the world’s fifth-largest oil producer.
The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US, its principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian merchandise exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, and electric power, and a top source of US uranium imports.
Given its abundant natural resources, highly skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the early intervention by the Bank of Canada and the financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-14 and plans to balance the budget by 2015 2010-15, despite the recent drop in oil prices. In addition, the country's petroleum sector is rapidly expanding, because Alberta's oil sands significantly boosted Canada's proven oil reserves. Canada now ranks third in the world in proved oil reserves behind Saudi Arabia and Venezuela and is the world’s fifth-largest oil producer.

As a high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. In addition, the country's petroleum Canada has a large oil and natural gas sector is rapidly expanding, because Alberta's with the majority of crude oil sands significantly boosted Canada's proven production derived from oil reserves. sands in the western provinces, especially Alberta. Canada now ranks third in the world in proved oil reserves behind Venezuela and Saudi Arabia and is the world’s fifth-largest sixth-largest oil producer.
The 1989 US-Canada Canada-US Free Trade Agreement and the 1994 North American Free Trade Agreement (which includes Mexico) touched off a dramatic increase in dramatically increased trade and economic integration with between the US, its principal trading partner. US and Canada. Canada enjoys a substantial and the US enjoy the world’s most comprehensive and highly balanced bilateral trade surplus and investment relationship, with the US, which absorbs about merchandise trade of $544 billion in 2016, services trade of over $80 billion, and two-way investment stocks of nearly $700 billion. Over three-fourths of Canadian merchandise Canada’s exports are destined for the US each year. Canada is the US's largest foreign supplier of energy, energy to the US, including oil, natural gas, and electric power, and a top source of US uranium imports.
Given its abundant natural resources, highly skilled labor force, and modern capital plant, stock, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the The global economic crisis, crisis of 2007-08 moved the Canadian economy dropped into a sharp recession in the final months of by late 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, banks emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the early intervention by the Bank of Canada and the financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-15, despite Since the recent drop fall in world oil prices. prices in 2014, Canada has achieved modest economic growth.

Canada resembles the US in its market-oriented economic system, pattern of production, and high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. Canada has a large oil and natural gas sector with the majority of crude oil production derived from oil sands in the western provinces, especially Alberta. Canada now ranks third in the world in proved oil reserves behind Venezuela and Saudi Arabia and is the world’s sixth-largest seventh-largest oil producer.
The TThe 1989 Canada-US Free Trade Agreement and the 1994 North American Free Trade Agreement (which includes Mexico) dramatically increased trade and economic integration between the US and Canada. Canada and the US enjoy the world’s most comprehensive and highly balanced bilateral trade and investment relationship, with merchandise goods and services trade of $544 totaling more than $680 billion in 2016, services trade of over $80 billion, 2017, and two-way investment stocks of nearly $700 more than $800 billion. Over three-fourths of Canada’s merchandise exports are destined for the US each year. Canada is the largest foreign supplier of energy to the US, including oil, natural gas, and electric power, and a top source of US uranium imports.
Given its abundant natural resources, highly skilled labor force, and modern capital stock, Canada enjoyed solid economic growth from 1993 through 2007. The global economic crisis of 2007-08 moved the Canadian economy into sharp recession by late 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Since the fall in world oil prices Canada’s economy posted strong growth in 2014, Canada has achieved modest 2017 at 3%, but most analysts are projecting Canada’s economic growth. growth will drop back closer to 2% in 2018.

Canada resembles the US in its market-oriented economic system, pattern of production, and high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. Canada has a large oil and natural gas sector with the majority of crude oil production derived from oil sands in the western provinces, especially Alberta. Canada now ranks third in the world in proved oil reserves behind Venezuela and Saudi Arabia and is the world’s seventh-largest oil producer.
TThe 1989 Canada-US Free Trade Agreement and the 1994 North American Free Trade Agreement (which includes Mexico) dramatically increased trade and economic integration between the US and Canada. Canada and the US enjoy the world’s most comprehensive bilateral trade and investment relationship, with goods and services trade totaling more than $680 billion in 2017, and two-way investment stocks of more than $800 billion. Over three-fourths of Canada’s merchandise exports are destined for the US each year. Canada is the largest foreign supplier of energy to the US, including oil, natural gas, and electric power, and a top source of US uranium imports.
Given its abundant natural resources, highly skilled labor force, and modern capital stock, Canada enjoyed solid economic growth from 1993 through 2007. The global economic crisis of 2007-08 moved the Canadian economy into sharp recession by late 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Canada’s economy posted strong growth in 2017 at 3%, but most analysts are projecting Canada’s economic growth will drop back closer to 2% in 2018.

Canada resembles the US in its market-oriented economic system, pattern of production, and high living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. Canada has a large oil and natural gas sector with the majority of crude oil production derived from oil sands in the western provinces, especially Alberta. Canada now ranks third in the world in proved oil reserves behind Venezuela and Saudi Arabia and is the world’s seventh-largest oil producer.
TThe The 1989 Canada-US Free Trade Agreement and the 1994 North American Free Trade Agreement (which includes Mexico) dramatically increased trade and economic integration between the US and Canada. Canada and the US enjoy the world’s most comprehensive bilateral trade and investment relationship, with goods and services trade totaling more than $680 billion in 2017, and two-way investment stocks of more than $800 billion. Over three-fourths of Canada’s merchandise exports are destined for the US each year. Canada is the largest foreign supplier of energy to the US, including oil, natural gas, and electric power, and a top source of US uranium imports.
Given its abundant natural resources, highly skilled labor force, and modern capital stock, Canada enjoyed solid economic growth from 1993 through 2007. The global economic crisis of 2007-08 moved the Canadian economy into sharp recession by late 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Canada’s economy posted strong growth in 2017 at 3%, but most analysts are projecting Canada’s economic growth will drop back closer to 2% in 2018.