Canada is a high-tech industrial society and resembles the USA in its market-oriented economic system, patterns of production and high living standards. Following World War II, Canada experienced impressive growth of its manufacturing, mining and service sectors, transforming it from a largely rural economy into a primarily industrial and urban economy.
Canada is the USA’s largest foreign supplier of energy, including oil, gas, uranium and electric power.
In 2010-13 Canada achieved marginal economic growth post-recession and plans to balance the budget by 2015. Additionally, the country’s petroleum sector is rapidly expanding, with Alberta’s oil sands greatly buoying Canada’s proven oil reserves, ranking third in the world behind Saudi Arabia and Venezuela.
Composition of GDP 2013