INDUSTRY AND ECONOMICS IN CANADA

INDUSTRY AND ECONOMICS IN CANADA

Industry and economic strength contribute to Canada's high standard of living. Canada's large territory means natural resources-based industries like forestry, fishing, farming and food production, natural gas, hydroelectric power, mineral and petroleum mining are central to the country's economy. These industries involve production, manufacturing and export, and Canada maintains good trade relations with many nations worldwide. Other important Canadian economic areas are business, transportation, communication, technology, education, aerospace and civil service. Canada has a fairly low unemployment rate, approximately 6% (although this varies in different regions), and in 2007 had the world's 9th largest GDP (gross domestic product).

Top Ten Industries in Canada by Employment (2008)

Industry

Employment(Millions)

Trade

2.68
Manufacturing 1.97
Health Care 1.90
Construction 1.23
Professional and Technical 1.20
Education 1.20
Finance, Insurance and Real Estate 1.08
Hopsitality 1.07
Government .92
Transportation .86
(Source: Statistics Canada)