Canada is unusual among developed countries in the importance of the primary sector, with the logging and oil industries being two of Canada's most important. Canada also has a sizable manufacturing sector, based in Central Canada, with the automobile industry and aircraft industry being especially important.
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Source: http://www.calgaryherald.com/cms/binary/9719038.jpg |
Manufacturing is Canada's single most important economic activity. The leading products are transportation equipment, chemicals, processed and unprocessed minerals, processed foods, wood and paper products, fish, petroleum, natural gas, electrical and electronic products, printed materials, machinery, and clothing. Industries are centered in Ontario, Quebec, and, to a lesser extent, British Columbia and Alberta. Canada's industries depend on the country's rich energy resources, which include hydroelectric power, petroleum (including extensive oil sands), natural gas, coal, and uranium.
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Source: http://people.emich.edu/vgrier/MappingChallenge_files/Economic%20Activity%20Map.jpg |
A major problem for Canada is that large segments of its economy—notably in manufacturing, petroleum, and mining—are controlled by foreign, especially U.S. interests. This deprives the nation of much of the profits of its industries and makes the economy vulnerable to developments outside Canada. This situation is mitigated somewhat by the fact that Canada itself is a large foreign investor. Since the free trade agreement with the United States (effective 1989), and the North American Free Trade Agreement (effective 1994), trade and economic integration between the two countries has increased dramatically.
The United States is by far Canada's leading trade partner, followed by China and Mexico. Machinery and equipment, chemicals, and consumer goods comprise the bulk of imports; crude petroleum and motor vehicles and parts rank high among both the nation's largest imports and exports. Other important exports are industrial machinery, aircraft, telecommunications equipment, chemicals, plastics, fertilizers, forest products, natural gas, hydroelectric power, and aluminum.
Sources: http://www.infoplease.com/encyclopedia/world/canada-economy.html, http://en.wikipedia.org/wiki/Economy_of_Canada
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