How does Canada’s economy rank in size?
- It is one of the ten largest economies in the world
- It is outside the top fifty
- It is the largest economy in the world
- It is the smallest economy in the Americas
Answer: It is one of the ten largest economies in the world
Canada has one of the ten largest economies in the world and is a member of the G7 group of leading industrialized countries. Commerce with other nations remains the engine of Canada’s economic growth.
Learn more: A trading nation
- Canada has always been a trading nation.
- Commerce (trade) remains the engine of Canada’s economic growth.
- Canadians could not maintain their standard of living without trade with other nations.
- Today Canadians enjoy one of the world’s highest standards of living, kept up by hard work and by trade, especially with the United States.
- Canada has one of the ten largest economies in the world.