The strength of the Canadian Economy is mainly based on International Trade and the powerful Service Sector. Industrial Economy of Canada is dominated by Oil Industry, Manufacturing Industry and Automobile Industry.
Economy of Canada depends in a large way on its natural resources. Wide range of natural resources are the source of considerable volume of national income. Canada possess an enviable reserve of Gold, Nickel, Uranium and Lead.
Even though Canada doing well from the economic point of view, around 54 million people of Canada These important natural resources are mainly exported in order to earn foreign exchange. The Agricultural Economy of Canada is also quite strong. Many of Canada's Agricultural Products are exported to U.S.A, Europe and East Asia.
The most important sector of the industrial economy of Canada is the Energy Sector. Canadian Oil and Natural Gas Industry produces at such a great level that a vast quantity is exported to different parts of the world.
But among all the sectors of Canadian Economy the most dominant one is the Service Sector. The huge service sector of Canada employs the largest part of Canadian Population and contributes almost two thirds of Canadian GDP.
In the year 2001, January, Cameroon's debt of USD$1.3 billion was reduced by USD$900 million.
