Canadian Economy (Part Two of Two)

Click here for part one.

The Canadian economy can be best understood as a federation of regions sharing finance and labor. The various Canadian states are significant markets and providers for one another. An investment boom in one area such as the Prairie West can create a national boom. Conversely, a slump in Ontario production can cause a national economic slump.

Citizenship and nationality remained a significant barrier to commerce and wealth creation for many Canadians until the Citizenship Act of 1976. This expanded the legal working opportunities for citizens and increased the legal working force. By the eighties, most Canadians had become citizens, and the majority of employees were in white collar occupations. Disparities within earnings, living standards and ways of life were significantly reduced, particularly during the post-war period following 1945.

Nonetheless, the various regional economies remain very different. Manufacturing remains largely a sector for Ontario and Quebec, whilst the four western states still generate huge surpluses of natural resources. Partly because of this, interregional subsidies became deeply entrenched in Canada's way of life. Work to improve the Canadian economy should focus on urban growth, industrial development of central Canada, and improving the working standards and regulations.

Sources:
https://www.timetoast.com/timelines/the-history-of-canadian-trade
https://atlas.media.mit.edu/en/profile/country/can/

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