Chapter 6 Economy

Canada’s Natural Resources  Gold  Coal  Silver  Limestone  Hydroelectric power  Solar power  Lumber  Oil – petroleum  Fertile soil  Steel  Uranium  Fish  Wind  Freshwater  Iron ore  Copper  Zinc  Animals  Lead  Natural gas

 Service Industry:  Businesses that provide services to people instead of producing goods  Examples:  Restaurant  Barber shop  Tourist shop  Teacher  Doctor  Lawyer  Accountant  Manufacturing Industry:  Businesses that produce manufactured goods from raw materials  Examples:  Paper  Cars  Pencils  Furniture  Bottled water

NAFTA  North American Free Trade Agreement  Takes away most barriers to trade among the three countries in North America (Canada, U.S., Mexico)

 What do you think are some challenges for Canada?  Canada’s economy is very dependent on the U.S. - Canada is afraid that the U.S. will dominate the trade  Quebec wants to secede (leave Canada and become their own country) because the French think they are treated badly  Acid Rain – Pollution

What might result if Quebec secedes?  Quebec has control over St. Lawrence Seaway and Great Lakes Region  Quebec is in the center of the country – dividing Canada  Lower defenses – both could look weak  Loss of economy  Canada no longer bilingual  ¼ of the population would leave – smaller pop  NAFTA????