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The economy of Canada is a highly developed mixed economy, [33] [34] [35] with the world's ninth-largest economy as of 2024, and a nominal GDP of approximately US$2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly globalized economy. [36] In 2021, Canadian trade in goods and services reached $2.016 trillion ...
Canadian current events contains a listing on an ongoing automated basis of importance events, trends and newsworthy developments related to Canada. Below are listed 200 entries of the past 90 days of Canadian current events featured in the main page of the Canada portal.
The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1] Many large-scale events that planned to take place in 2020 in Canada were cancelled or delayed.
Scholars such as Jeffrey D. Sachs argue that geography has a key role in the development of a nation's economic growth. [ 2 ] For instance, nations that reside along coastal regions, or those who have access to a nearby water source, are more plentiful and able to trade with neighboring nations.
British Columbia's Prime Location on Canada's West Coast. Geography has played a significant role in the province's economic development. B.C.’s location on Canada's west coast puts it at the commercial crossroads of the Asia-Pacific region and North America.
Here's how a US trade war between Mexico, Canada, and China could play out for the stock market. Filip De Mott. December 4, 2024 at 1:19 PM. Kamil Krzaczynski/AFP via Getty Images.
The United States has the largest economy globally and Canada ranks 9th at US$2.015 trillion. [5] The US share of the global market economy estimated at US$79.98 trillion, was c. 25% in 2018, which is down from 35% in 2005. [6] China's global e-commerce market share has grown rapidly from less than 1% in c. 1998 to 42% in 2018.
Such a tariff would badly hit the economy of Canada, which sends 75% of all goods exports to the United States. "This is a relationship that we know takes a certain amount of working on, and that ...