Canada’s Economy
One of the healthiest economic country in the world, Canada is the 6th freest in the 2013 Index. Canada has a mixed economy, which means that some services are controlled by the government and some are up to the people. Canada achieves most of it’s wealth through it’s service industries. Making up 71.5 percent of the country’s GDP (gross domestic product), the service industry consists of finance, utilities, trade, communications, transportation, insurance, real estate and tourism. Canada’s incredible natural beauty has resulted in it being a hotspot for tourists and the country periodically trades with the United States. The geographical location of the country has resulted in an abundance of natural resources. Canada has a profitable logging, mining, fishing and farming industries. 26.3% of the country’s wealth also comes from manufacturing Canadian products.
The benefits of Canada having a healthy economy is that it has claimed a spot as one of the most developed countries in the world. It’s strong infrastructure has allowed for goods and services to be available more readily.
Atlantic Provinces Economy:
The products of the Atlantic Provinces are not agricultural. Most of the products in this sub-region revolve around the the fishing industry. This sub-region specializes in the catching of seafood products, such as snow crab, atlantic salmon, and shellfish, valuing the industry in the millions. The region also produces some dairy products and oil.
Core Provinces:
The Core Provinces of Canada economy revolves around the production of crops and the raising of livestock. The Core Provinces agricultural products range from your regular corn and cucumbers to cocoa beans. The raising of livestock provides a valuable source of income for the region, seeing how just the pork industry alone brings in a total of 1.5 billion dollars. Resources available in the area have led to the cutting down of timber for building material and the mining of copper. Industries for the making of complex technologies has also emerged
Prairie Provinces:
The Prairie Provinces of Canada are centered mostly around the farming industry, but the sub-region has a very profitable mining and fossil fuel industry due to large deposits. The province of Alberta has multiple fossil fuel reserves available and Manitoba has a mineral deposits, such as nickel, zinc, copper, and lead. Agricultural products produced in this region are canola, wheat, and mustard.
Pacific Provinces and Territories:
In the Pacific Provinces and Territories of Canada there is a great diversity of income in the economy. In the Southern area there is some agricultural activity. People also raise livestock, but quite a few people also hunt for meat to sell on the market. Timber is cut down and sold. Engineers build ships and pieces of technology. There is also a profitable fishing industry along the Pacific Coast.
One of the healthiest economic country in the world, Canada is the 6th freest in the 2013 Index. Canada has a mixed economy, which means that some services are controlled by the government and some are up to the people. Canada achieves most of it’s wealth through it’s service industries. Making up 71.5 percent of the country’s GDP (gross domestic product), the service industry consists of finance, utilities, trade, communications, transportation, insurance, real estate and tourism. Canada’s incredible natural beauty has resulted in it being a hotspot for tourists and the country periodically trades with the United States. The geographical location of the country has resulted in an abundance of natural resources. Canada has a profitable logging, mining, fishing and farming industries. 26.3% of the country’s wealth also comes from manufacturing Canadian products.
The benefits of Canada having a healthy economy is that it has claimed a spot as one of the most developed countries in the world. It’s strong infrastructure has allowed for goods and services to be available more readily.
Atlantic Provinces Economy:
The products of the Atlantic Provinces are not agricultural. Most of the products in this sub-region revolve around the the fishing industry. This sub-region specializes in the catching of seafood products, such as snow crab, atlantic salmon, and shellfish, valuing the industry in the millions. The region also produces some dairy products and oil.
Core Provinces:
The Core Provinces of Canada economy revolves around the production of crops and the raising of livestock. The Core Provinces agricultural products range from your regular corn and cucumbers to cocoa beans. The raising of livestock provides a valuable source of income for the region, seeing how just the pork industry alone brings in a total of 1.5 billion dollars. Resources available in the area have led to the cutting down of timber for building material and the mining of copper. Industries for the making of complex technologies has also emerged
Prairie Provinces:
The Prairie Provinces of Canada are centered mostly around the farming industry, but the sub-region has a very profitable mining and fossil fuel industry due to large deposits. The province of Alberta has multiple fossil fuel reserves available and Manitoba has a mineral deposits, such as nickel, zinc, copper, and lead. Agricultural products produced in this region are canola, wheat, and mustard.
Pacific Provinces and Territories:
In the Pacific Provinces and Territories of Canada there is a great diversity of income in the economy. In the Southern area there is some agricultural activity. People also raise livestock, but quite a few people also hunt for meat to sell on the market. Timber is cut down and sold. Engineers build ships and pieces of technology. There is also a profitable fishing industry along the Pacific Coast.