What can one say about
Canada? It is a rich country with blooming economy, plenty of job
opportunities and a great future, or is it?
Canada "floats" on oil and natural gas. It is the sixth largest oil producing country in the
world. In 2008 it produced an average of 438,000 cubic metres per day. But that
can be deceiving because there are already engines that do not have
to use oil or gasoline.
This country is also a major producer
of zinc and uranium, and is a leading exporter of many other minerals, such as gold, nickel, aluminium, and lead. These mineral resources will not be here forever because they are
expendable, and maybe in the near future demand for these products will not be as high as now.
The United States is Canada's largest trading partner, which means that Canadian economy depends on trading with U.S. If something negative happens the U.S. economy, this could affect Canada's export adversely.
All this suggests that Canada can experience some difficulties in the future in terms of a decrease in its economic power. But that is not likely for now because this country has a lot of opportunities to be even better ranked than ninth in the world economy.
The United States is Canada's largest trading partner, which means that Canadian economy depends on trading with U.S. If something negative happens the U.S. economy, this could affect Canada's export adversely.
All this suggests that Canada can experience some difficulties in the future in terms of a decrease in its economic power. But that is not likely for now because this country has a lot of opportunities to be even better ranked than ninth in the world economy.
