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Automotive manufacturing is one of Canada's largest industrial sectors, accounting for 10% of manufacturing GDP and 23% of manufacturing trade. Canada produces passenger vehicles, trucks and buses, auto parts and systems, truck bodies and trailers, as well as tires and machine, tools, dies and molds (MTDM). The auto industry directly employs ...
In economics, the economics of location is the study of strategies used by firms and retails in a monopolistically competitive environment in determining where to locate. [1] Unlike a product differentiation strategy, where firms make their products different in order to attract customers, an economics of location strategy is consistent with ...
A 2009 study by Statistics Canada also found that, while manufacturing declined as a relative percentage of GDP from 24.3% in the 1960s to 15.6% in 2005, manufacturing volumes between 1961 and 2005 kept pace with the overall growth in the volume index of GDP. [110] Manufacturing in Canada declined significantly during the Great Recession.
The Toronto-Dominion Centre in Toronto. The economy of Ontario is diversified.Ontario is the largest economy in Canada, making up around 38% of Canadian GDP. [1] [2] Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. [3]
Canada's 3,500 car dealers, which employ 140,000 people, told the federal and Ontario governments in mid-November they are at risk from the financial crisis; they are asking the national government to help out despite a record year [citation needed] of sales. Ottawa is considering providing financial aid to the Canadian subsidiaries of the Big ...
Location theory has become an integral part of economic geography, regional science, and spatial economics. Location theory addresses questions of what economic activities are located where and why. Location theory or microeconomic theory generally assumes that agents act in their own self-interest. Firms thus choose locations that maximize ...
Copper foils are a core, high-value component in EV batteries, and this new installation will yet again reinforce Canada and Quebec's position as a key destination for the future of EV manufacturing. These initiatives will help Quebec achieve its goal of developing its own complete domestic battery ecosystem and supporting clean technologies.
The British Columbian city is Canada's official gateway to the Pacific Rim, a major port, and the main western terminus of transcontinental highway and rail routes. Vancouver has successfully transitioned from a predominantly resource-based economy to a diverse knowledge-based one, and in recent years has been the fastest growing economy in ...