World Grain - July 2018 - 24

COUNTRY FOCUS

Focus on Canada
Country's oilseed production is on the rise
by Chris Lyddon

Canada is among the world's biggest producers and exporters of
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24

Key Facts
Capital: Ottawa
Population: 35,623,680 (July 2017 est.)
Religions: Catholic 39% (includes Roman Catholic 38.8%,
other Catholic 0.2%), Protestant 20.3% (includes United
Church 6.1%, Anglican 5%, Baptist 1.9%, Lutheran 1.5%,
Pentecostal 1.5%, Presbyterian 1.4%, other Protestant
2.9%), Orthodox 1.6%, other Christian 6.3%, Muslim
3.2%, Hindu 1.5%, Sikh 1.4%, Buddhist 1.1%, Jewish 1%,
other 0.6%, none 23.9% (2011 est.).
Location: Northern North America, bordering the North Atlantic Ocean on the east, North Pacific Ocean on the west,
and the Arctic Ocean on the north, north of the conterminous U.S.
Government: Federal parliamentary democracy under a
constitutional monarchy. Chief of state: Queen Elizabeth II
(since Feb. 6, 1952); head of government: Prime Minister
Justin Pierre James Trudeau (since Nov. 4, 2015).
Economy: Canada resembles the United States in its market-oriented economic system, pattern of production, and
high 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. Canada has a large oil
and natural gas sector with the majority of crude oil production derived from oil sands in the western provinces, especially Alberta. The 1989 Canada-U.S. Free Trade Agreement
and the 1994 North American Free Trade Agreement (which
includes Mexico) dramatically increased trade and economic
integration between the United States and Canada. Canada
and the United States enjoy the world's most comprehensive
bilateral trade and investment relationship, with goods and
services trade totalling more than $680 billion in 2017, and
two-way investment stocks of more than $800 billion. Given
its abundant natural resources, highly skilled labor force,
and modern capital stock, Canada enjoyed solid economic
growth from 1993 through 2007. The global economic crisis of 2007-08 moved the Canadian economy into sharp
recession by late 2008, and Ottawa posted its first fiscal
deficit in 2009 after 12 years of surplus. Canada's major
banks emerged from the financial crisis of 2008-09 among
the strongest in the world, Canada's economy posted strong
growth in 2017 at 3%, but most analysts forecast Canada's
economic growth to drop back closer to 2% in 2018.
GDP per capita:  $48,100 (2017 est.); inflation: 1.6%
(2017 est.); unemployment: 6.5% (2017 est.).
Currency: Canadian dollars (CAD): 1.33 Canadian dollars
equal 1 U.S. dollar (June 22, 2018).
Exports: $433 billion (2017 est.): motor vehicles and parts,
industrial machinery, aircraft, telecommunications equipment; chemicals, plastics, fertilizers; wood pulp, timber,
crude petroleum, natural gas, electricity, aluminum.
Imports: $443.7 billion (2017 est.): motor vehicles and
parts, industrial machinery, aircraft, telecommunications
equipment; chemicals, plastics, fertilizers; wood pulp, timber,
crude petroleum, natural gas, electricity, aluminum.
Agriculture: 1.7% of GDP and 2% of the labor force.
Internet: Code: .ca; 31,770,034 users.
Source: CIA Factbook

July 2018 / World Grain / www.World-Grain.com
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World Grain - July 2018

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