ECONOMY

 

Canada is home to several companies that contribute to its economy. Its economy relies on the organisations that have made the country home, making it one of the world’s wealthiest industrialized countries. The country provides a thriving environment for them that made them blossom.

Canada is a member of the G7, the G20, the Organization for Economic Co-operation and Development (OECD), the United Nations (UN), the World Trade Organization (WTO) and many other international bodies.

Canada’s diversity is also reflected in the variety of its natural resources—lumber, oil and gas precious minerals, agriculture, and more. Its economy can be classified into three main industries—natural resources, manufacturing, and service.

Each province also has thriving industries. Most of Canada’s manufacturing industry is located in the provinces of Ontario and Quebec. The Atlantic, Prairie, and Pacific regions of Canada are known for their natural resource-based economies like fishing, forestry, and mining. The Prairie Provinces’ primary industries focus on mineral fuels and agriculture while British Columbia’s depend on forestry and mining, and tourism. Alberta has played is becoming more known for its natural resources and thriving oil and gas sectors.

One of the world’s wealthiest major industrialized countries, Canada has a tolerant and diverse population, an advanced economy; Canada is home to anyone interested in business. Its economy is one of the reasons its major cities Vancouver, Toronto, and Calgary rank third, fourth and fifth, respectively, in the 2016 Economist Intelligence Unit ranking of the world’s most livable cities.