Canada
is found in the northern part of North America with ten provinces and three
territories. Geographically-speaking, Canada is considered to be the second
largest country by area and has the longest land border shared with the United
States of America.
Canada’s
form of government is a mixed federal parliamentary democracy and
constitutional monarchy. It is a country with rich cultural heritage, with the
inhabitants coming from different ethnic groups. The significant rise in
economy and per capita income of Canada could be attributed to its relationship
with the United States of America. Significant changes were noted after the
1989 US-Canada Free Trade and the 1994 North American Free Trade Agreement was
concluded and signed by US and Canada. The economic relationship between the
two has flourished since then. In fact, Canada is a wealthy country, ranking
eight in the world in terms of per capita income. Few of the international
contributions of the country are in areas of education, social equality,
economic and political freedom and protection of civil rights.
The
national symbol of Canada is the maple leaf which could be seen in its flag,
currency and in its Arms. Historically, Canada’s capital City, Ottawa, was
named after Colonel John By who used the place as his headquarters. In Canada,
ice hockey is a popular sport in every province. However, lacrosse remains to
be the official sport.
We owe
to Canada several significant inventions of all time which includes kerosene,
electric organ, insulin, electron microscope, snowmobile, IMAX filming system
and the electric cooking range.
The rich
economy of Canada could be attributed to the income generated from logging and
oil industries. It is also known as a major producer and at the same time
consumer of cheese. Moreover, Canada is attracting huge investments in its
automobile and manufacturing industries. The USA and Japan are just two of top
investors in the said industries. The
difference, however, is that Canada’s banking industry is conservative compared
to USA and Japan. Speaking of investment, Canada is gaining huge benefits from
US which is the country’s largest foreign investor in the fields of mining,
chemicals, machinery, smelting and petroleum. Canadian’s ties with US is
evidenced by the way economic policies were often adjusted to conform to the
changes in policies in the economy of US so that any slight deviation from it
could have potential adverse effects on the economic performance of Canada.
Nonetheless, the trust and confidence of US is reflected by the chivalrous act
of the latter which imports more than half of Canada’s food products. In
return, Canada imports twenty percent of the foods being produced by US.
At
present, Canada enjoys its stable economic condition. Unemployment rates are
going down and public debt is reducing. But if there is one commendable
achievement of Canada is its rapid growth in terms of health care. The health sector has been under major
development and this resulted to a stronger fiscal condition of the country.
With all
these achievements, there is no doubt that Canada will remain in the roster of
successful economies in the world.
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