economic report of canada-model

8/4/2019 Economic Report of Canada-Model

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The International High School at LafayetteEconomics

Mr. Joel

Alanis, Mario, Wayne

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*Population & Currency

*34.1 million people live in Canada

*The currency is the Canadian dollar,which is very closely tied to the USdollar (1 CAD = 1.007 USD)


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*Natural Resources & Geography

*In total area, Canada is the second largest country inthe world, and it includes vast amounts of forests andfresh water

*Canada is actually a net exporter of energyrare fordeveloped countriesand the Athabasca oil sands giveCanada the worlds largest oil reserves behind SaudiArabia


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*Infrastructure

*Canada has a very high level of infrastructure

-99% of its rural population has access to clean and reliable watersources

-77.7 out of every 100 people have access to and use the Internet

-In 2009, 52.6 million passengers flew in and out of Canadianairports


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*GDP & GDP Per Capita

*In 2010, the gross domestic product ofCanada was close to 1.6 trillion US$

*The GDP per capita was about 46,000 US$


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*Exports

*In 2009, agricultural, energy, forestry and miningexports accounted for 58% of Canadas total exports

*In 2009, exports made up nearly 30% of Canadas totalGDP

*Over 75% of Canadian exports go to the United States


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*Imports

*Canada tends to import finished goods such asmachinery, motor vehicles, electronics andother durable consumer goods

*In 2009, over 50% of Canadas imports camefrom the United States, while close to 11%came from China


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*Trade Balance and Currency Evaluation

*In 2009, Canada had a -3% current account balance,which is around 40 billion US$

*Because Canada currently imports slightly more than itexports, the Canadian dollar is very stable

*Canada has a steady inflation rate of 2.7%


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*Socioeconomic Factors

*According to the OECD, Canadians enjoy a status of

high income, with an average income of nearly42,000 US$

*The life expectancy for a Canadian is 81 years

*As of 2009, Canada had an unemployment rate of 8.3%

*In 2007, over 98% of primary school aged Canadianswere enrolled in school


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*The Environment

*Although Canada has an economy based on theextraction and development of its vast naturalresources, there are still manageable amounts due tothe move towards more sustainable practices

*Canada has high levels of CO2 emissions (16.9 metrictons per capita in 2007) because of its reliance onlogging and motor vehicle transportation


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*Prediction

*Although the 2008 global recession has certainlyimpacted Canada, most indicators in the economy showthat the country will remain strong, particularly becauseof its large amount of usable natural resources.

*While the high rate of immigration may lead to morecompetition in Canadas labor market in the short run,Canadas strong education and health care sectorsshould lead to a more productive and innovative societyin the future.


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* SourcesCanada

http://en.wikipedia.org/wiki/Canada

XE.com CAD Canadian Dollar

http://www.xe.com/currency/cad-canadian-dollar

Canada Data

http://data.worldbank.org/country/canada

Trade Data Onlinehttp://www.ic.gc.ca/sc_mrkti/tdst/tdo/tdo.php#tag

Economy of Canada

http://en.wikipedia.org/wiki/Economy_of_Canada
http://en.wikipedia.org/wiki/Canadahttp://www.xe.com/currency/cad-canadian-dollarhttp://data.worldbank.org/country/canadahttp://www.ic.gc.ca/sc_mrkti/tdst/tdo/tdo.phphttp://en.wikipedia.org/wiki/Economy_of_Canadahttp://en.wikipedia.org/wiki/Economy_of_Canadahttp://www.ic.gc.ca/sc_mrkti/tdst/tdo/tdo.phphttp://data.worldbank.org/country/canadahttp://data.worldbank.org/country/canadahttp://www.xe.com/currency/cad-canadian-dollarhttp://www.xe.com/currency/cad-canadian-dollarhttp://www.xe.com/currency/cad-canadian-dollarhttp://www.xe.com/currency/cad-canadian-dollarhttp://www.xe.com/currency/cad-canadian-dollarhttp://www.xe.com/currency/cad-canadian-dollarhttp://en.wikipedia.org/wiki/Canada

economic report of canada-model

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