Canadian economy is dominated by service industry, which employs one third of the total population, also has a sizable manufacturing sector, with the automobile industry and aircraft industry being especially important. Commercial fishing, seafood industry and entertainment software industries are few others to mention.
Having highest level of economic freedom and open market oriented system, the Canadian economic system has elements of Private and public enterprise in the ration of 60:40, which is quite healthy and thus, facilitate global trade and attracts huge investment flows.
International trade makes up a large part of Canadian economy, particularly of its natural resources. Canada is world leader in production of many natural resources such as, gold, nickel, uranium, diamonds and lead and in recent years, crude Petroleum. Rising exports, supported by foreign market recovery, is striving growth in these sectors.
Country experienced a long period of economic expansion, post World War 2, having low unemployment levels and industrial sector focussing to the consumer goods production. This gave birth to Canadian welfare system, public health care and a national retirement system. Trade agreements such as NAFTA (North American Free Trade agreement) led to Canada having budget surplus every year.
While trade is an essential component of sustainable economic growth, complimentary policies are also needed to realise full benefits. The positive results from trade liberalization are possible with the corresponding conducive polices which Canadian Government have always supported. This has certainly made Canada a favourable and first choice among immigrants to invest and migrate.
Though, the eligibility criteria are unique to every profile and depends upon statewise policy, the basic considerations are as under: