1. Do Now-
Discuss what you know about the provinces and territories with the person sitting next to you!

2. Do Now

3. Essential Question
What makes Canada’s economy diverse?

4. Define the vocabulary. Export Import Protectionism Free Trade
Economic Indicators – Give examples of this

5. export
Goods sent for sale to other places.

6. Import
Goods brought in for sale from other places.

7. protectionism
A government policy that calls for some type of action, such as raising tariffs (prices), to protect a market from imports (goods brought in for sale).
These laws taxed imports. Thus, the imports cost more so the people bought less of them.

8. Free trade Trade without limits or protections.
In 1994, Canada, Mexico and United States signed North American Free Trade Agreement (NAFTA)

9. Economic indicator
A measure of a countries economy and how well its people live.
GDP, per Capita GDP, Literacy Rate, Unemployment Rate, exchange rate

10. Canada’s Economic Regions
Atlantic Provinces
Ontario and Quebec
Prairie Provinces
British Columbia
Territories (Yukon, Northwest, Nunavut)

12. In the Economic Region column, identify the Provinces or Territories that are in each region.
Atlantic Provinces- Nova Scotia, Prince Edward Island, New Brunswick, and New Foundland and Labrador
Ontario and Quebec- “Heartland of Canada”
Prairie Provinces- “Breadbasket of Canada” Alberta, Manitoba, and Saskatchewan

13. Economic Regions Continued British Columbia- British Columbia Territories- 40% of the Land Yukon, Northwest, and The Nunavut

14. Check your work. Primary Industry
3% of the workforce
Atlantic Provinces: Farming, mining, fishing
Prairie Provinces: wheat farms, cattle ranches, fossil fuels such as coal, oil, and natural gas.
British Columbia: fishing, forestry
Territories- fishing, hunting, and mining

15. Secondary Industry 13% of the workforce
-Atlantic Provinces- manufacturing and processing plants
-Ontario and Quebec- factories of consumer goods and products from steel and iron.
-British Columbia- processing lumber and manufacturing paper.
- production of hydroelectric power

16. Tertiary Industry 76% of the workforce
Atlantic Provinces: shipping, tourism
-Quebec, Ontario and Montreal : shipping through St. Lawrence Seaway, Trading, and Business Activities
-British Columbia- shipping and recreational activities

17. United States Canada Mexico GDP 16.24 Trillion (1) 1.518 Trillion (14)
(RANK IN THE WORLD)
United States
Canada
Mexico
GDP
16.24
Trillion (1)
1.518
Trillion (14)
1.845
Trillion (11)
GDP Per Capita
$51,700
(13)
$43,100
(19)
$15,600
(88)
Unemployment
7.3%
(94)
7.1%
(75)
4.9%
(45)
exchange rate
1.03
Canadian
Dollar
12.76
Pesos

18. Notes on back of Economic Indicators Chart
Canada’s economy is based on free enterprise.
Canada also has a command economy where the government controls certain businesses and industries. (Healthcare)
2/3 of their trade is with the United States
1994 Canada joined United States and Mexico in NAFTA (North American Free Trade Agreement)

19. Do Now Discuss the following question with a neighbor:
How does the population and geographic regions affect Canada’s economy?
Write your answer on the back of the 1st page of your packet.