Diplomatic representation from the US:
chief of mission: Ambassador David H. WILKINS embassy: 490 Sussex Drive, Ottawa, Ontario K1N 1G8 mailing address: P. O. Box 5000, Ogdensburgh, NY 13669-0430; P.O. Box 866, Station B, Ottawa, Ontario K1P 5T1 telephone: [1] (613) 688-5335 FAX: [1] (613) 688-3082 consulate(s) general: Calgary, Halifax, Montreal, Quebec, Toronto, Vancouver, Winnipeg
Flag description:
two vertical bands of red (hoist and fly side, half width), with white square between them; an 11-pointed red maple leaf is centered in the white square; the official colors of Canada are red and white
Economy
Canada
Economy - overview:
As an affluent, high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US. Given its great natural resources, skilled labor force, and modern capital plant, Canada enjoys solid economic prospects. Top-notch fiscal management has produced consecutive balanced budgets since 1997, although public debate continues over the equitable distribution of federal funds to the Canadian provinces. Exports account for roughly a third of GDP. Canada enjoys a substantial trade surplus with its principal trading partner, the US, which absorbs 80% of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. During 2007, Canada enjoyed good economic growth, moderate inflation, and the lowest unemployment rate in more than three decades.
GDP (purchasing power parity):
$1.271 trillion (2007 est.)
GDP (official exchange rate):