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A member of the G7 group of leading industrial countries, Canada enjoys an enviable standard of living, an excellent infrastructure, a highly educated and skilled labour force as well as a well-deserved reputation as a successful trading nation.

Actual state of the economy

The Canadian economy is strong. Since 1994, Canada's economic performance has been characterized by growth, low inflation, stable unit labour costs, improved cost competitiveness, record exports, and a healthy level of business investment. The Economy in Brief, made by Department of Finances, is a quarterly description of Canada's economic performance.

Monetary Policy

The Bank of Canada focuses monetary policy on protecting the value of Canadian money by keeping inflation between 1% and 3%.   

International Trade

Taking exports and imports separately, Canadians in 2001 exported nearly $468 billion in goods and services, about 43.1 percent of Canada’s gross domestic product (GDP) and imported $413 billion in goods and services or 38.1 percent of GDP. Canada has a privileged relation with the United States. In 2001, the United States accounted for 81,8% of Canada's exports of goods and services and imports of goods and services from United States represented 71% of total imports. 

Exports

Canada's leading exports are automobile vehicles and parts, machinery and equipment, high-technology products, oil, natural gas, metals, and forest and farm products.

Imports

Canada's leading imports are mainly machinery and equipment, automobile vehicles and parts, industrial goods, fishing and agriculture products and energy products.

Sources and links : Statistics Canada

Department of Foreign Affairs and International Trade  

Department of Finance  

Government of Canada (information about Canadian economy ) 

The Canadian Economy Online  

Trade and Economic Analysis Division (Department of Foreign Affairs and International Trade)

Canada's GPD 

2000

1 039 milliards $ CA

2001

1 080 milliards $ CA

GPD per Capita

2000

34 342 $CA

2001

36 128 $CA

GPD growth rate :

2000

4,4%

2001

1,5%

Unemployment rate :

May 2004

7,2%

Inflation rate :  

2002

2,2%

2003

2,8%

Goods & services exports 
2002 2003
413,8 billions $CA 400 billions $CA

Goods & services imports 
2002 2003
356,6 billions $CA 4341,8 billions $CA

Canadian dollar exchange-rate value

2002

2003

0,64 $US

0,71 $US

Try our currency converter !

The account balance :

2001 2002
+57.2 billions 58.2 billions

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