Canada Economic Structure
As one of the wealthiest nations in the world, Canada is dominated by a strong service industry and an abundance of natural resources. Canada is a country with some of the most educated minds in the world, which is why many industries have moved to the major parts of the country where skilled workers and affordable resources are plentiful.
As a country under the British crown, Canada has a private to public (Crown) property ratio of 60:40 and one of the highest levels of economic freedom in the world.
There are three major industries in Canada which include the service industry, manufacturing and natural resource sectors. As these sectors grow and develop, the need for skilled and qualified workers has become a necessity.
In 2007, the New Building Canada Plan was implemented. This $33 billion, government-funded plan is set aside for public, provincial, territorial and municipal infrastructure. Projects that support job growth, prosperity and productivity are among the top recipients of these much-needed funds.
The plan has been set to reduce commute time for working families, enhance economic productivity and create jobs in Canada. Connecting Canada with the world is a priority for the government, which is why transportation and connectivity projects take precedence.
In recent years, it has become apparent that Canada is in need of more skilled and qualified workers to contribute to the booming economy. Foreign and local workers that possess skills in demand are in a good position to apply to companies and provinces across the country.
The healthcare, I.T and engineering sectors are currently in high demand, especially in the larger cities.