answersLogoWhite

0

Is Canada's economy a good economy?

Updated: 8/20/2019
User Avatar

Wiki User

11y ago

Best Answer

Yes. Canada's economy is similar to that of the United States, with several differences.

In terms of financial systems, Canada has a far more stable banking system than the US, in terms of banking regulation. The Canadian banking system has much less speculative risk. As a result, Canadian branded banks have opened in America, RBC and TD being 2 notable examples.

Canada is slightly closer to China than the US, slightly significant in importing from China and other Asian countries.

Canada's dollar has also gained strength as Canada has been able to develop Natural Resources. However, manufacturing in Canada was hurt as a result. It was further hurt by trouble with the US car industry, which relied on less expensive Canadian labour and parts.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is Canada's economy a good economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is canadas economy based on?

A free market economy


What was Leonard Tilly's quote about Canadas economy?

www.Google.ca


Why do you think many Canadians moved from farms to cities?

asian bussnispeople have brought a great deal of welth to canadas economy


What are Canadas regions?

good and nice canada region most and wonderful place to travel


What is canadas national fish?

canadas national fish is cod and salmon................................................thats wat i think how bout u


What do Canada geese compete for?

Canadas, like all other animals, compete for food, good living areas, and mates.


What is Canadas import?

tropical fruit


What is Canadas capital city?

Ottawa


what is canadas largest providence?

mama


What is Canadas capitol?

Canada's capital is Ottawa.


When is canadas' national day?

July 1st


What are Canadas laws?

To many laws to list