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Canada is resource rich like Australia or Qatar. It’s certainly doing better, from an economic perspective than Australia due to its neighbor being the first ec
by csomar 3y ago
Canada is resource rich like Australia or Qatar. It’s certainly doing better, from an economic perspective than Australia due to its neighbor being the first economy in the world.
But it doesn’t seem to change the underpinnings. Resource led countries develop power structures around these resources and it doesn’t seem that Canada is immune to that. This affects the economy.
- andsoitis 3y ago> Resource led In addition to https://en.wikipedia.org/wiki/Economy_of_Canada https://en.wikipedia.org/wiki/Economy_of_Canada (linked above), Investopedia further clarifies that Canada's top industries are [1]: - Real Estate, Rental, Leasing - Manufacturing - Mining, Quarrying, and Oil and Gas Extraction (representing 15.1% of GDP, for the 12 months ending 2021) [1] https://www.investopedia.com/articles/investing/042315/fundamentals-how-canada-makes-its-money.asp https://www.investopedia.com/articles/investing/042315/funda...