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Canada – Important Facts

Canada is a country in the northern half of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area and the fourth-largest country by land area. Canada’s border with the United States is the world’s longest land border. Canada is sparsely populated, the majority of its land territory being dominated by forest and tundra and the Rocky Mountains; about four-fifths of the country’s population of 35 million people live near the southern border, and the population is about four-fifths urbanized. The majority of Canada has a cold or severely cold winter climate, but southerly areas are warm in summer.

Canada is one of the few developed nations that are net exporters of energy. Atlantic Canada possesses vast offshore deposits of natural gas, and Alberta also hosts large oil and gas resources. As of 2015, the Canadian economy has largely stabilized and has seen a modest return to growth, although the country remains troubled by volatile oil prices, sensitivity to the Eurozone crisis and higher-than-normal unemployment rates.

Canada is a member of the Asia-Pacific Economic Cooperation (APEC), the North American Free Trade Agreement (NAFTA), and the Trans-Pacific Partnership (TPP). Canada is one of world’s top trading nations – and one of its richest. Alongside a dominant service sector, Canada also has vast oil reserves and is a major exporter of energy, food and minerals.

The United States and Canada enjoy the world’s largest and most comprehensive economic relationship, which supports millions of jobs in each country. The magnitude of this $1.3 trillion bilateral trade and investment relationship is broad and deep, accounting for nearly $2 billion in cross border trade each day. Canada is the top export market for 35 out of 50 states. So whether your company is a first-time or seasoned exporter, Canada should be a key component of your export growth strategy.

Facts: Canada Capital: Ottawa,Population: 34.7 million (UN, 2012). Area: 9.98 million sq km (3.85 million sq miles). Major languages: English, French (both official). Major religion: Christianity. Life expectancy: 79 years (men), 83 years (women) (UN). Currency: Canadian dollar.

Important Details

  • Country ISO3:CAN
  • Country Code:125
  • Income Group:North America
  • Lending Category:High income
  • Region:Not Available
  • Currency Unit:Canadian dollar
  • WTO Member:YES
  • Trade organisations:NAFTA, OECD, WTO and others
  • world rank:6
  • Regional Ranking:1st in North America