Canadian Economy
Canada is one of the world's wealthiest nations, and a member of the Organization for Economic Co-operation and Development (OECD) and Group of Eight (G8). As with other developed nations, the Canadian economy is dominated by the service industry, which employs about three quarters of Canadians. Canada is unusual among developed countries in the importance of the primary sector, with the logging and oil industries being two of Canada's most important. Canada also has a sizable manufacturing sector, centred in Southern Ontario, with the automobile industry especially important. International trade makes up a large part of the Canadian economy, particularly of its natural resources. The United States is by far its largest trading partner, accounting for about 85% of exports and 59% of imports as of 2004. Canada is a free market economy, usually seen to have slightly more government intervention than the United States, but less than most European nations. Canada has traditionally had a lower per capita gross domestic product (GDP) than the United States, but higher than that of many western European economies. As the second largest country in the world, Canada has considerable natural resources spread across its varied regions. In British Columbia, the forestry industry is of great importance, while the oil industry is central to Alberta's prosperity. Northern Ontario is home to a wide array of mines, while the fishing industry has long been central to the character of the Atlantic provinces, though it has recently been in steep decline
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