The Future of Canada’s economy
Any country with a flourishing manufacturing industry has a robust economy. And if we talk about Canada, the manufacturing sector there is known to be one of the significant contributors to the country’s economy. The Covid-19 pandemic has exposed the fragility of every industry, and the manufacturing industry has been no exception. With the global economy reviving slowly but steadily, the manufacturing industries of Canada have also begun to leap towards growth. As per the data available recently, the manufacturing industry of Canada stands at $174 billion of its GDP, which is more than 10% of its total GDP. The major manufacturing industries in Canada are automobiles and aerospace. Traditionally, Canada’s services and natural resources sectors were the major contributors to the country’s economy. The recently revived Canadian manufacturing industry is gradually becoming the major contributor. It boasts a highly skilled and specialized workforce that includes engineers, technicians, re...