Canada In The Global Economy

NameCourseUniversityTutorDateOutlineIntroductionCanadian frugal positionPast and current positionFood pricesWheat production and its demand in orbicular marketIts effect in Canada and different countriesCanadian oil color constancy join States and china sake in this industryEconomic benefits brought by renew interest in Canadian oilNorthern the States Free Trade AgreementEffects of this soundbox to the Canadian deliveryConclusionWork citedIntroductionCanada is cardinal of the richest countries in the world precisely it occupies the ordinal position glob anyy as far as riches is concerned . The prudence of this North Ameri bottom of the inning race is dominated by the overhaul industry which rakes in billions of dollars each year to the Canadian economy . Other industries that postulate contributed towards the increa se of Canada economy include the oil , logging , these two industries be very important . approximately of the Canadian products atomic number 18 exported to the unite States of America , European kernel countries , Japan and China . On the other hand they bilk a line sources of the goods consumed in Canada atomic number 18 United States , Mexico and chinaCurrent situationCanada economy has been performing salutary in the recent years . Economic analysts prepare remark that the per capita gross domestic product is easily catching up with that of the United States of America since the go against is narrowing . There has been tremendous growth of the spot economic sectors of Canadian economy with heights growth world record in the key sectors such as agriculture , oil and service industries . This has been attributed to the rise in prices of various commodities approximately of which are produced in this country . The prices of oil , husk and other viandsstuffs sav e been rising day and day out .

This has make the Canadian farmers to increase production of wheat so that they can imbibe from the increase demand of this product (Foreign Affairs and world(prenominal) Trade Canada , 2008Food pricesCanadian consumers are not being hurt by the rising food prices . The country is instead making a killing as a result of the sky rocketing prices on foodstuffs . According to a study done recently , food prices only increased by 1 .2 per cent for the move twelve months . By contrast food prices be in possession of move up by almost six percent in the United States of AmericaAgricultural exports from Canada have recorded an all high figure where returns of much than 11 billion dollars have been real ized . This is attributed to the rising prices of canola and wheat . Consumers in Canada have not been adversely affected by the high food prices as they have been cushioned by the strengthened Canadian dollar whose economist argue has lessen the apostrophize of imported goods . According to a study , the prices of vegetables were notable to have dropped by thirteen percent while the harvest-time prices were down quadruple percent (Beauchesne , E 2008Canada which is a major(ip) producer of wheat have benefited from the rising cost of the products . A shortage of wheat all over the world has do the demand of...If you want to get a full essay, determine it on our website: OrderEssay.net

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