Canada the free Economy

Canada's economy is service based.

We in Canada sit on top of the most powerful nation in the world the United Sates of America. However we are better off as an economy, and also are the part of G7 the group of powerful economies of the world. We as a n economy are closely linked to the United States. But unlike US we have a better social welfare system. Nobody in our country is poor or not busy. That is Canada for you.

We resemble the US in the type of economy but that is the only similarity. Canada’s economy is dominated by the service industry with over 70% of the economy being dependent on the service sector. Timber is a major exports and most of it goes to US. It has a great impact on the economy is a whole.

Canada is a free economy with rules that facilitate business and the reason behind many businessmen migrating here. This has added to the strength of the country. Canada does not see immigration as a threat but as an opportunity. Anyways it is better to have people coming in with jobs rather than jobs being outsourced. We are also a major force in the financial sector world-wide. The Royal Bank of Canada is one of the biggest banking brand in the world. The financial system is also well-organized and robust. We are the fore runner and co-creators of many free trade ares in the world. Endowed with abundant natural resources, Canada has the potential to save the world. The lumbering industry is also creating forests now.


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