Canada Overview

 

   

CANADA – AT A GLANCE

Much has been said in recent days about London, Australia and Singapore as investment destinations and education hubs; even USA has been touted a fair bit. However, there is a country that holds immense promises but has been much understated and overlooked. It has some of the best educational institutions in the world, the most livable cities, stunning sceneries and healthy environment, solid banking system, and major energy reserves.

 

Canada is certainly a place that deserves the attention of our investors, parents whose priorities are their children’s education, and simply those who look for an alternate place to live in. 

   
   

HISTORY OF CANADA

The Crown in Canada was first officialized by the kings of France and England back in the 15th and 16th centuries. 

Hundreds of years later, Her Royal Majesty Queen Elizabeth II and the Royal Family became part and parcel of Canadian collective heritage.

 

The pictures above illustrate the monarchs and their family members who financed excursions, promoted explorations, granted land and titles, and visited Canada regularly. They are the very people who influenced the beginning of Canada. 

 

In 2012, Canada celebrated the 60th anniversary of Her Majesty Queen Elizabeth II’s accession to the throne. This Jubilee highlights the progression of Canada over the past 60 years under Her Majesty’s reign. 

 


 

 

The Canadian motto “from sea to sea” sums up this country very well. Second only to Russia in land mass, Canada stretches over an enormous territory from the Atlantic Ocean in the east to the Pacific Ocean in the west. Canada occupies a major northern portion of North America; its common border with the United States is the world's longest land border shared by the same two countries, stretching almost 9,000 kilometres. With nearly 10 million square kilometres, this huge, multicultural nation has a population of 35 million people as of December 2012

   
     

OVERVIEW

Canada is made up of 10 provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland & Labrador, Nova Scotia, Ontario, Prince Edward Island, Sasketchewan and Quebec. Further, Canada’s north is divided into 3 territories: the Northwest Territories, Nunavut and the Yukon. Human Development Index 2013 reports Canada being the eleventh highest in terms of its international measurements of education, government transparency, civil liberties, quality of life, and economic freedom. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Canada’s capital is Ottawa, situated in the province of Ontario. Its major urban centers are Toronto, Montréal, Vancouver and Calgary.

 
 

POPULATION GROWTH

 
 

In 1913, immigration peaked at just over 400,000 immigrants. From 2001 to 2012, it averaged a little less than one quarter of a million (247,402) immigrants per year.

 

According to Annual demographic Estimates: Canada, Provinces and Territories (2012), Canada’s average annual growth rate from 2000 to 2010 was +1.1%, exceeding other industrialized countries including the United States (+0.7%), Italy (+0.3%) and France (+0.5%).

 
 

MULTI-CULTURE

Canada is one of the world's most ethnically diverse and multicultural nations, the product of large-scale immigration from many countries, and constituent policies that promote multi-culturism.

 

2006 census had reported that 32% of Canadians considered their ethnic origin to be Canadian. The largest ethnicities of non-European origin (other than Canadian) were Chinese (4.3%).

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: Statistics Canada 2006

Statistics Canada 2006 reports that there are more than 6 million foreign-born residents in Canada – which constitutes about 20% of the total Canadian population. The majority of immigrants settling down in Canada include Chinese, South Asians, and Filipinos. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The table above shows that in 2031, the percentage of visible minorities will double from 2006. 

 
 

Economy

Canada is a developed country and one of the wealthiest in the world, with the tenth highest per capita income globally (International Monetary Fund, 2013). Also well-known as an industrialized country with advanced technology; Canada’s economy is primarily founded on its rich supply of raw materials and resources.

 

 

 

 

 

 

 

GDP GROWTH

The diagram above shows the Gross Domestic Product (GDP) in Canada – worth about 1,825.10 billion US dollars in 2013. 

 

“The GDP value of Canada represents 2.94 percent of the world economy. GDP in Canada averaged 558.44 USD Billion from 1960 up till 2013, reaching an all time high of 1,825.10 USD Billion in 2013”. – World Bank Group -

 

The economy registered a higher-than-expected annualized real GDP growth rate of 2.7% up from 1.6% in the previous quarter, according to Statistics Canada. Bank of Canada stated that the country’s economic growth is expected to be 1.6% in 2013, going up to 2.3% in 2014 and another upsurge to 2.6% in 2015. 

 

 
 

THE ENERGY SECTOR

Canada is one of the world’s five largest energy producers and is the principal source of U.S. energy imports. The country’s unconventional oil sands function as a significant contributor to the recent and expected growth in the world’s liquid fuel supply and comprise a major portion of the country’s proven oil reserves, which rank third in the world.

As a matter of fact, Canada is a net exporter of electricity to the United States, where most of its power needs are met by hydroelectricity. 

Facts:

  • Canada is one of the world’s largest gas producer
  • Top 10 largest crude oil producer
  • Top 5 largest energy producer
   

PROPERTY MARKET

Canadian property market has been growing steadily.

 

Teranet, National Bank of Canada has released figures on the property market prices in Canada: an increase of 2.68% was seen during the year to end-Q3, 2013, from year-on-year price rises of 1.81% in Q2, 2013, 2.6% in Q1, 2013, and 3.08% in Q4, 2012. On a quarterly basis, nationwide property prices in Canada increased by 1.35% (1.06% inflation-adjusted) in Q3, 2013.

 

In accordance to the Canadian Real Estate Association (CREA), the following is the aggregate composite MLS® house price index in October 2013:

Apartments saw an annual price increase of at least 2.05% in October 2013. 

 

House prices in Canada surged by 49% from Q1, 2000 to Q1, 2009, mostly because of the low interest rates and continuous economic growth. From Q2, 2009 to Q4, 2012, house prices are seen to be increasing at another stunning figure of 17%.

 

Canada’s nationwide property prices are expected to increase by another 1.7% in 2014 (Canadian Real Estate Association, CREA). 

 

INTEREST RATES

The Bank of Canada has kept its key interest rate steady at 1% in October 2013, which has been in place since September, 2010.

 

 

LAND OF NATURE AND BEAUTY

A country that stands out for its stunning natural beauty, Canada has a wide array of very well-known scenic spots; the snowy White Mountains, the prairies, lakes and rivers with plethora of national and provincial parks to protect the wild life their habitats. 

 

 

 

Niagara Falls

Located at the US-Canadian border, the world’s second largest waterfall, Niagara Falls draws a spectacular amount of about 12 million visitors per year.

 

Composed of the American, Bridal and Horseshoe falls, they converge and crest over a 170-foot dolomite and dolomite and shale cliff to plummet to the raging river below forming Niagara. After the falls, the water flows for 15 miles until it empties into Lake Ontario. 

 

According to Niagara Falls Lice, Great Lakes and the Niagara River flows about 20% of the World's Freshwater.

 

 

 

 

 

 

 

 

 

 

 

In Canada, tourism plays a large part in the economy complemented with abundant natural resources that are turning Canada into a rich and vibrant country. With the au natural four seasons – the winters offer plentiful of snow while during the warm summers, you are able to make the most of its natures offerings. 

 
 

CANADA EDUCATION

 

 

 

 

 

 

Canadian’s educational institutions have been recognized for its excellence across the entire education sector and well-known for its world-class qualities. Canadian credentials are valued internationally. In fact, Canadian universities are popular for its research and collaboration partnerships that most international educators seek. 

Source: Academic Ranking of World Universities

 

 

A Land of Great Promise

Overall, Canada consistently scores highly on indices such as economic freedom, corruption, respect for civil rights, quality of life, gorgeous landscape and nature, and more. Canada also portrays its image as a melting pot – with many different minorities from all over the world living in Canada.

 

Coupled with its robust economy, vast energy reserves, stable political structure, and close proximity to the United States, Canada holds tremendous promise for everyone to live, invest and study in. 

 

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