Canadian Economy Overview and Challenges

The video discusses the Canadian economy, highlighting its strengths such as a strong GDP, abundant natural resources, and a highly educated workforce. It explores Canada's trade relationships, particularly with the US, and key industries like energy, technology, and financial services. Challenges such as dependence on natural resources and an aging population are also addressed. Despite these challenges, Canada's economy remains stable and well-positioned for future growth.

What is one of the main characteristics of the Canadian economy?

• It is the largest in the world.

• It is primarily agricultural.

• It is highly unstable.

• It is strong and diverse.

As of 2021, where does Canada rank in terms of global GDP size?

• 5th

• 10th

• 15th

• 20th

Which natural resources are significant to Canada's economy?

• Copper and iron

• Diamonds and coal

• Oil, timber, and minerals

• Gold and silver

What is a key factor contributing to Canada's strong economy?

• Highly educated workforce

• Low education levels

• Lack of natural resources

• Minimal trade relationships

Which country is Canada's largest trading partner?

• China

• Mexico

• United States

• European Union

What is one of the largest industries in Canada?

• Energy sector

• Textile industry

• Automobile manufacturing

• Agriculture

Which city is the second largest financial center in North America?

• Vancouver

• Montreal

• Toronto

• Calgary

What is a major challenge for the Canadian economy?

• Overpopulation

• Dependence on natural resources

• Lack of innovation

• High unemployment

How does an aging population affect the Canadian economy?

• Increases workforce size

• Leads to labor shortages

• Boosts economic growth

• Reduces dependency on resources

What is the overall outlook for the Canadian economy?

• It is stable with potential for growth.

• It is solely dependent on the US economy.

• It is highly unpredictable.

• It is expected to decline rapidly.