Canadian Citizenship Test 2024
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Canada’s Economy
A Trading Nation
Canada has always been a trading nation and commerce remains the engine of economic growth.
In 1988, Canada enacted free trade with the United States. Mexico joined in 1994, forming NAFTA.
Canada is part of the G8 group of leading industrialized countries, which includes the United States, Germany, the United Kingdom, Italy, France, Japan, and Russia.
Canada’s Industries
Canada’s economy has three main types of industries: service industries, manufacturing industries, and natural resources industries.
Service industries employ over 75% of Canadians and include transportation, health care, education, banking, and tourism.
Manufacturing industries produce goods such as paper, high technology equipment, automobiles, and machinery. The United States is Canada’s largest trading partner.
Natural resources industries include forestry, fishing, agriculture, mining, and energy, which have historically been vital to Canada’s development.
Canada-U.S. Trade Relationship
Canada and the U.S. share the world’s largest bilateral trading relationship.
Over three-quarters of Canadian exports are sent to the United States.
The Canada-U.S. border is known as the “world’s longest undefended border”.
The Peace Arch at Blaine, Washington symbolizes the shared ties with inscriptions “children of a common mother” and “brethren dwelling together in unity”.
Exports and Supply Chains
Canada exports billions of dollars worth of products annually, including energy products, industrial goods, machinery, automobiles, agriculture, fishing, and forestry products.
Canada-U.S. integrated supply chains compete globally.