|
PeeverConn Properties
|
Canada vs the World
Top-notch fiscal management has produced consecutive balanced budgets for the past 11 years while Exports account for roughly
a third of GDP. Canada enjoys a substantial trade surplus with its principal trading partner, the
A recent study based on economic fundamentals and average incomes shows that Canada’s housing affordability ranks #1 out of Australia, Ireland, New Zealand, UK, and the US. This will give pressure on the upward side of housing values. All in all, Canada’s economy remains strong and is being labeled by top investors as a “safe haven” to store your money in real estate.
|
As an affluent, high-tech industrial nation in the trillion-dollar class, Canada continues to soar with its market-oriented
economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the
manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial
and urban. The US-Canada Free Trade Agreement (FTA) and the North American Free Trade Agreement (NAFTA) touched off a dramatic
increase in trade and economic integration with the US. Given its great natural resources, skilled labor force, and modern
capital plant, Canada enjoys solid economic prospects.
US, which absorbs 80% of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil,
gas, uranium, and electric power and currently sits at #4 in the world of energy production. During 2007, Canada enjoyed
good economic growth, moderate inflation, and the lowest unemployment rate in more than three decades. Canadian employers
are hiring faster then they have in the last 6 years. The Country boasts the fastest growing employment rate of any G7
nation, while the unemployment rate sits at a 33 year low of 5.8%. Canada is continually adding jobs with a net increase
of 43,300 in February 2008. New census data shows that Canada has the fastest growing population in the G8. The figures
show an overall population growth of 5.4%, while most other countries sit at less then 1/2%. Among G8 countries, only US
approaches Canada’s growth rate, with 5%.