Car Rental in Kapuskasing

However, in this situation there are also negative characteristics. Analysts believe that Canada is in great dependence on the economic and political situation of the United States of America, since it is with this state that its closest international relations are tied. The industry of Canada contributes about one third to the country’s GDP yearly. One-fourth of all able-bodied Canadians are also employed in this sphere. Thanks to good investments and state support, the country’s economy is constantly being modernized, such that at the moment it is characterized by high technical and technological level, as well as innovative developments in the processing of raw materials. Most industrial products are exported.

It is worth noting that in terms of energy independence, Canada is also equated with developed countries that have achieved great success in this area. The State is ranked fourth in the development of energy resources. At the same time, if we take into account the manufacturing of electricity per capita, Canada is the second largest in the world, second only to Norway. Due to her peculiar relief, the country was able to build a large number of hydroelectric power stations which provide most of the electric power in the country. About 20% of all electricity is produced at nuclear power plants. In addition, huge deposits of “black gold” are situated on the territory of Canada. Along with oil, various expensive underground minerals are extracted in the provinces of the country, including uranium, gold, copper and zinc. Aluminum is also actively mined.
Read all...