Oil and gas trade shows canada 2015
With the exception of a few island nations in the Caribbean , Canada is the only major parliamentary democracy in the western hemisphere.
As a result, Canada has developed its own social and political institutions, distinct from most other countries in the world. The Canadian economic system generally combines elements of private enterprise and public enterprise.
Many aspects of public enterprise, most notably the development of an extensive social welfare system to redress social and economic inequities, were adopted after the end of World War Two in Canada has a private to public Crown property ratio of Today Canada closely resembles the U. International trade makes up a large part of the Canadian economy, particularly of its natural resources. Many, if not most, towns in northern Canada, where agriculture is difficult, exist because of a nearby mine or source of timber.
Canada is a world leader in the production of many natural resources such as gold , nickel , uranium , diamonds , lead , and in recent years, crude petroleum , which, with the world's second-largest oil reserves, is taking an increasingly prominent position in natural resources extraction. Several of Canada's largest companies are based in natural resource industries, such as Encana , Cameco , Goldcorp , and Barrick Gold.
The vast majority of these products are exported, mainly to the United States. There are also many secondary and service industries that are directly linked to primary ones. For instance one of Canada's largest manufacturing industries is the pulp and paper sector, which is directly linked to the logging business. The reliance on natural resources has several effects on the Canadian economy and Canadian society.
While manufacturing and service industries are easy to standardize, natural resources vary greatly by region. This ensures that differing economic structures developed in each region of Canada, contributing to Canada's strong regionalism. At the same time the vast majority of these resources are exported, integrating Canada closely into the international economy.
Howlett and Ramesh argue that the inherent instability of such industries also contributes to greater government intervention in the economy, to reduce the social impact of market changes. Natural resource industries also raise important questions of sustainability.
Despite many decades as a leading producer, there is little risk of depletion. Large discoveries continue to be made, such as the massive nickel find at Voisey's Bay. Moreover, the far north remains largely undeveloped as producers await higher prices or new technologies as many operations in this region are not yet cost effective.
In recent decades Canadians have become less willing to accept the environmental destruction associated with exploiting natural resources. High wages and Aboriginal land claims have also curbed expansion. Instead many Canadian companies have focused their exploration, exploitation and expansion activities overseas where prices are lower and governments more amenable. Canadian companies are increasingly playing important roles in Latin America, Southeast Asia, and Africa.
The depletion of renewable resources has raised concerns in recent years. After decades of escalating overutilization the cod fishery all but collapsed in the s, and the Pacific salmon industry also suffered greatly. The logging industry, after many years of activism, has in recent years moved to a more sustainable model, or to other countries.
Productivity measures are key indicators of economic performance and a key source of economic growth and competitiveness. The Organisation for Economic Co-operation and Development OECD 's [notes 1] Compendium of Productivity Indicators ,  published annually, presents a broad overview of productivity levels and growth in member nations, highlighting key measurement issues.
It analyses the role of "productivity as the main driver of economic growth and convergence" and the "contributions of labour, capital and MFP in driving economic growth". The OECD provides data for example comparing labour productivity levels in the total economy of each member nation. This indicator assesses an economy's "underlying productive capacity 'potential output' , itself an important measure of the growth possibilities of economies and of inflationary pressures". MFP measures the residual growth that cannot be explained by the rate of change in the services of labour, capital and intermediate outputs, and is often interpreted as the contribution to economic growth made by factors such as technical and organisational innovation.
Raising MFP growth is "needed to sustain rising living standards, especially as the population ages". The Bank of Canada , a federal crown corporation, has the responsibility of Canada's monetary system. They established a set of inflation-reduction targets to keep inflation "low, stable and predictable" and to foster "confidence in the value of money", contribute to Canada's sustained growth, employment gains and improved standard of living.
In the Government of Canada and the Bank of Canada extended Canada's inflation-control target to December 31, As a result, interest rates and inflation eventually came down along with the value of the Canadian dollar. Following the Financial crisis of —08 the narrow focus of inflation-targeting as a means of providing stable growth in the Canadian economy was questioned.
By , the then-Bank of Canada Governor Mark Carney argued that the central bank's mandate would allow for a more flexible inflation-targeting in specific situations where he would consider taking longer "than the typical six to eight quarters to return inflation to 2 per cent".
The central bank—the Bank of Canada —issues its rate announcement through its Monetary Policy Report which is released eight times a year. This reflects "year-over-year price declines for consumer energy products". Core inflation in the first quarter of was about 2 per cent with an underlying trend in inflation at about 1.
In response to the Bank of Canada's July 15, rate adjustment, Prime Minister Stephen Harper explained that the economy was "being dragged down by forces beyond Canadian borders such as global oil prices, the European debt crisis, and China's economic slowdown" which has made the global economy "fragile".
The Bank's main priority has been to keep inflation at a moderate level. Since September , the key interest rate overnight rate was 0. In its press release, the bank had confirmed that the rate would continue to be evaluated at least partly on the basis of inflation. In , the Canadian economy had the following relative weighting by industry, as percentage value of GDP: This has led to fewer workers in this sector and a migration of retail jobs to the suburbs. The second largest portion of the service sector is the business service and hire only a slightly smaller percentage of the population.
This portion of the economy has been rapidly growing in recent years. It is largely concentrated in the major urban centres, especially Toronto , Montreal and Vancouver see Banking in Canada. The education and health sectors are two of Canada's largest, but both are largely under the influence of the government. The health care industry has been quickly growing, and is the third largest in Canada. Its rapid growth has led to problems for governments who must find money to fund it.
Canada has an important high tech industry, and a burgeoning film, television, and entertainment industry creating content for local and international consumption see Media in Canada. The general pattern of development for wealthy nations was a transition from a primary industry based economy to a manufacturing based one, and then to a service based economy.
Canada has not suffered as greatly as most other rich, industrialized nations from the pains of the relative decline in the importance of manufacturing since the s. Central Canada is home to branch plants to all the major American and Japanese automobile makers and many parts factories owned by Canadian firms such as Magna International and Linamar Corporation.
Canada is one of the few developed nations that is a net exporter of energy—in net exports of energy products amounted to 2.
Most important are the large oil and gas resources centred in Alberta and the Northern Territories, but also present in neighbouring British Columbia and Saskatchewan. In British Columbia and Quebec , as well as Ontario, Saskatchewan, Manitoba and the Labrador region, hydroelectric power is an inexpensive and relatively environmentally friendly source of abundant energy.
It is a vital source of energy for Canada and the world. Energy Citizens advocate for Canada's oil and natural gas industry by spreading the word about the positive role energy plays in our lives every day, and what it means to our communities.
Sign up today and start making a difference. Through these reports, we offer solutions to these challenges. Managing Methane Emissions Canada's oil and natural gas industry recognizes that climate change is one of the great challenges facing the world.
Energy Tomorrow Meet some of the people changing the future of Canadian energy. This annual convention is held March and anyone can attend. The convention provides SARM members the opportunity to gather as a whole to vote on and debate resolutions, discuss current issues, participate in dialogue sessions with Ministers and the Provincial Cabinet, and take in other presenters as well as attend educational workshops and breakout sessions.
Calgary's most sought after exhibit showcases brand new models from all vehicle makes. Talk with representatives about new features and what you can expect from the latest car technology. This four day event contains draws, prizes, exclusive ladies' night, and local car maintenance representatives. This exclusive event includes all aspects of measurement, sampling, allocation, new measurement products and devices. The CSHM expects over attendees, comprising a wide spectrum of professionals involved in all aspects of hydrocarbon measurement.
Join this event for an opportunity to learn how changes to the environmental side of measurement will affect your operations.
Join the Calgary Golf Show for expertise, new equipment, techniques and more. Be sure to show up early as the first 50 paid attendees through the doors each day will receive a free Canada Golf Card! There will be many exhibits with exclusive features such as free diving instruction, key speakers, adventure packages and information, and so much more!