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Canadian economy 2010
 

Canadian economy 2010

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An overview of the Canadian economy using the most up-to-date data I could find

An overview of the Canadian economy using the most up-to-date data I could find

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    Canadian economy 2010 Canadian economy 2010 Presentation Transcript

    • Canadian Economics 2011 Jamie Mulholland
    • Canada’s Economy Jamie Mulholland
    •  
      • Capital: Ottawa
      • Largest City: Toronto
      • Official Languages: English and French
      • Established in July 1, 1867
      • Total area: 9,984,670 km 2 , water 891,162 km 2
      • Population: 34,404,000 (2011)
      • GDP (PPP): $1.330 trillion (2010)
      • GDP (nominal): $1.556 trillion (2010)
    • Canada’s Economic System
      • Canada has a Mixed economic system
        • Similar to a Market economy (free enterprise)
        • some government regulation among industries
      • Member of OECD, NAFTA, WTO, G8
    • Canada’s Natural Resources
        • Iron ore, nickel, zinc, copper, gold, lead, molybdenum, diamonds, silver, potash, coal, petroleum, natural gas, hydroelectric power, wildlife, fish, timber
    • Early Industries
      • Fur trade – Beaver and Seal pelts
      • Atlantic Fisheries (Newfoundland)
      • Forestry
      • Gold mining
      • Canals and railway were used for transportation.
    • Klondike Gold Rush
      • The 1980’s was marked by a frenzied influx of immigration for gold prospecting.
    • Logging Industry
      • Canada has large forests ( 4,020,000 km 2) and produces more wood and paper products than any other country.
      • 90% is publicly owned and 50% of the total forest area is allocated for harvesting.
    • Canada’s Land Use
      • What percentage of the land is arable?
        • 5% (only in Southern Canada; Northern Canada’s terrain is permafrost!)
      • What are the major agricultural products?
        • Wheat, barley, oilseed, tobacco, fruits, vegetables, dairy products, forest products, fish, cannabis
    • Canada’s Industries
      • What’s being produced in the factories?
        • Transportation equipment, chemicals, processed and unprocessed minerals, food products, wood and paper products, fish products, petroleum, natural gas
      • Labour Force : 18.59 million (2010)
        • Services 76%, manufacturing 13%, construction 6%, agriculture 2%, other 3%
    • Canada’s Exports
      • Chief exports:
        • motor vehicles and parts, industrial machinery, aircraft, telecommunications equipment, electronics, chemicals, plastics, fertilizers, wood pulp, timber, crude petroleum, natural gas, electricity, aluminum .
      • Exports total: $406.8 billion (2010)
        • Top exporting partners (2009) :
        • U.S. 75.02%, UK 3.37%, China 3.09%
    • Canada’s Imports
      • Chief imports:
        • Machinery & equipment, motor vehicles & parts, crude oil, chemicals, electricity consumer goods
      • Imports total (2010): $ 406.4 billion
      • Top importing partners (2009):
        • U.S. 51.1%, China 10.88%, México 4.56%
    • Canada’s Literacy Rate
      • What percentage of people over the age of 15 can read and write?
        • 99% (2009)
      • How long are students required to stay in school?
        • 17 years
    • Canada’s Unemployment Rate
      • What percentage of people do not have jobs?
        • 7.6% (2010)
      • What percentage of people live in poverty?
        • Statistics Canada low income cut-off
          • 10.8% relative (2005)
        • Fraser institute Basic needs poverty measure
          • 4.9% (2004)
    • Canada’s GDP
      • $1.600 trillion (2010)
      • GDP Per Capita--$39,599 (2009)
      • GDP by sector:
        • services (71.3%)
        • industry (26.4%)
        • agriculture (2.3%) -2009
    • North American Free Trade Agreement
      • Signed by the US, Canada, & Mexico in the mid-1990s
      • Eliminated trade barriers between the 3 countries
      • Free Trade between the 3 countries
      • How has it affected Canada’s economy?
        • It eliminated trade barriers with US & Mexico, and allows them to trade more freely at a better cost
    • Canada’s Economic Problems
      • Unemployment & poverty
      • Over depletion of natural resources
      • Acid rain from factories near Great Lakes region
      • Improving public services (which forces the country to raise taxes)
      • Aging population and immigration
    • Solutions?
      • Eco-tourism
      • A shift from exporting of raw materials (chemicals, minerals, lumber) to value added products (processed chemicals and food products)
      • Legalization of marijuana
        • Canada’s largest agricultural product