ECONOMY OF CANADA AND AMERICA

Canada is an independent federative state. The United States of America is one of the greatest countries in the world too. Canada and the United States are each others most important trading partners. These countries are the largest trading nations among the industrialized market economies and an active partner in international investment. The USA borders on Canada. These countries are the neighbours. The USA and Canada are the countries of highly developed industry and agriculture. The Canadian and American economy are among the worlds soundest. Canada is known worldwide as a rich source of raw materials and primary products such as wheat, oil, lumber and minerals. Shipbuilding, electronics, automobile industry, aircraft industry, space research are highly developed in the USA. Employment has expanded and increasing the numbers of jobs of both countries. More than 10 per cent of Canadian workers are now employed in primary industries. A similar trend has been occurring in American manufacturing.