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Investing is the process of saving and investing for the...
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- The Canadian Economy by The Numbers
- Canada's Top Industries: Real Estate, Manufacturing, and Mining
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- The Bottom Line
Canadian 2022 GDP: $2.14 trillion (World Ranking: #9).Canadian 2022 GDP per Capita: $54,966.5 (World Ranking: #22).Canadian 2022 GDP Growth: 1.5%.Canadian 2022 Consumer Price Index(CPI) Inflation: 6.8%.Real Estate, Rental, and Leasing
Canada's real estate, rental, and leasing industry is comprised of establishments engaged in the following types of activities: real estate management; selling, renting, or buying real estate for others; appraising real estate; rental and leasing of tangible assets such as automotive equipment; and leasing of nonfinancial intangible assets such as copyrighted works. GDP for the industry, which employed about 283,777 people in 2022, rose 2.4% for the 12 months ending July 2023, according to th...
Manufacturing
Canada's manufacturing industry is engaged in the physical or chemical transformation of materials or substances into new products. These products may either be finished goods for consumption or semi-finished goods to be used in manufacturing processes. Canada's industries manufacture food, chemicals, petroleum, fabricated metal products, machinery, transportation equipment, and other products. GDP for the industry, which employed approximately 1.6 million people in 2022, decreased by 0.2% fo...
Mining, Quarrying, and Oil and Gas Extraction
Canada's mining, quarrying, and oil and gas extraction industry is primarily engaged in the extraction of naturally occurring minerals. The industry is dominated by oil and gas extraction, but other types of mining activity include mining coal and a range of metals, including gold, silver, copper, nickel, and more. Stone, sand, gravel, clay, and ceramic mining and quarrying are also part of the industry, as well as mining for potash. GDP for the industry, which employs approximately 207,000 p...
In June 2023, Canada's trade balance for goods and services was CAD$1 billion deficit. Total imports were CAD$64.4 billion and total exports were CAD$60.7 billion. Inventories, gross fixed capital formation, and exports each comprise roughly a third, respectively, of Canada's GDP, according to the Government of Canada. The country's top three tradi...
Canada is a highly developed nation with one of the largest economies in the world, impacting much of global trade. Its largest industries are real estate, mining, and manufacturing, and it is home to some of the largest mining companies in the world. A large portion of its GDP comes from international trade, with its largest trading partners being...
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Oct 24, 2023 · The Canada Pension Plan (CPP) is the Canadian social security system and provides older or disabled citizens with a basic level of lifetime income after age 65.
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Dec 18, 2023 · Investing is the process of saving and investing for the long-term. Browse Investopedia’s expert-written library to learn more.
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Dec 24, 2021 · The Bank of Canada (BOC) is Canada's central bank, and is located in Ottawa, the capital of Canada. As central bank, the BOC oversees the country's monetary policy including setting...
