Travel Guides

Canada is a vast country and stands as the second largest country of the world. Its boundaries extend from Atlantic Ocean to the Pacific Ocean and Arctic Ocean. It is situated right next to the United States of America and possesses a multi cultural aspect gained form U.S., British, French and Aborigines.

Canada economy is the mixed economy. By economy, we mean that a virtual environment where all the economic activities like buying, selling, transactions and trading take place. Mixed economy means that Canada economy is not dependent on one aspect of economy only. For example, it is not a complete agricultural economy neither it is a complete mineral producer. It uses both the forms of economy. It usually supplies agricultural products as Canada possesses a very huge land mass. The Prairies of Canada are known throughout the world for producing wheat. It supplies other grains also. The Atlantic side of Canada has deposits of petroleum products such as natural gas. Oil is drilled here. Canada also produces various minerals like gold, zinc, nickel and aluminum. It also produces uranium which can be used to run nuclear power plants and produce electricity in the future.

Canada had a very good growth rate until recession happened. Canada never encountered fiscal deficit but had to record its very first fiscal deficit during 2009 recession. But, the country recovered quickly from the financial crises due its conservative approach. The service sector is well developed in the country. The country trades in various service fields such as finance, retail, real estate and tourism. One industry has a huge presence in Canada that is the automobile industry. The reason car manufacturers have set up their plants in Canada is because of the presence of cheap labor and proximity to U.S. Canada is one of the biggest exporters of wheat and grains. It supplies them to US, Europe and Asia.