In the world Canada has the ninth largest economy, is one of the world's wealthiest nations and a member of the Organization
for economic co-operation and development and Group of Eight G8. The Canadian economy is dominated by the service industry,
which employs about three quarters of Canadians.
Canada is unusual among developed countries in the importance of the
primary sector, logging and oil industries being two of Canada's most important. Canada is a manufacturing
sector, centred in Central Canada, with the automobile industry especially important.
Canada has the highest levels of economic freedom in the world. Canada closely resembles the U.S. in its market oriented economic system and pattern of production.
International trade makes up a large part of the Canadian economy, particularly of its particural resources. The United States is by far its largest trading partner, accounting for about 76% of exports and 65% of imports as of 2007. Canada's cooperative exports and imports ranked 8th among all the nations in 2006.
World's economically leading countries that in a cooperative effort meet periodically to international economic and monetary issues.
G-8 is global policy making at its highest level. G-8 includes the Group of Seven countries along with Russia. Group of Eight organized by France on 1975, for governments of eight nations of the northern hemisphere Canada, France, Germany, Italy, Japan, Russia, United Kingdom and United States. The European Union is performed within the G8, but cannot host. G8 can refer to the member states to the annual summit meeting of the G8 heads of government. The former term,
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Canada developed nations that is a net exporter of the energy. Important are the oil and gas resources centred in Alberta and the Northern Territories, but also present in neighbouring British Columbia and Saskatchewan. Canada the world's second largest reserves of oil after Saudi Arabia according to USGS. In British Columbia and Quebec, as well as Ontario, Saskatchewan, Manitoba and the Labrador region, hydroelectric power is an inexpensive and relatively environmentally friendly source of the abundant energy. Canada is also one of the world's highest per capita consumers of energy. The creation of several important industries, such as the large aluminum industry in Quebec, Alberta and British Columbia.
Canada is one of the world's greatest suppliers of agricultural products, particularly of wheat and the other grains. Canada is a main exporter of the agricultural products, to the United States but also to Europe and the East Asia.
The Canadian agriculture industry receives significant government subsidies and supports. Canada has been a strong supporter of reducing market influencing subsidies through the World Trade Organization. Second largest portion of the service sector is the business services, employing only a slightly smaller percentage of the population. That involves the financial services, real estate and the communications industries.Economic history in Canada became highly focalized on the economic geography and for many years the dominant school of
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