Canada

Canada is formally a constitutional monarchy, with the governor-general acting as the representative of the British crown. In practice, the Canadian House of Commons is sovereign. Canada is a federation of ten provinces, each with substantial powers, and three territories. The country is located in the Northern North America. It the 18th largest economy in the world (by GDP PPP) and is a major exporter of natural resources – specifically, energy and mineral products. Canadian economy is highly integrated with the United States, which buys 76% of Canadian goods. United States is also Canada’s key supplier of goods, accounting for 52% of total imports. The central bank, Bank of Canada (BoC), pursues an inflation-targeting approach to monetary policy and maintains a free floating exchange rate regime. Canadian dollar is closely correlated with the prices for key export commodities – specifically, crude oil. The risk of housing bubble, sensitivity to commodity prices, and high exposure to the U.S. economy are usually named among key weaknesses of the Canadian economy.  

Names and Codes
Country Name Canada
Country code CAN
Currency Name Canadian dollar
Currency Code CAD
Currency Symbol $; CAD$; C$
Subunit C$1 = 100 cents
Key Pair USD/CAD
Forex Quote direct
Central Bank Name Bank of Canada
Central Bank Abb. BoC
Economy and Trade
GDP (USD billion, 2017) 1653
GDP per capita (USD, PPP, 2017) 46810
Real GDP growth (2013-17) 2.2
Inflation (2013-17) 1.4
FDI inflows (% GDP, 2013-17) 3.0
Current account balance (% GDP, 2013-17) -3.1
Trade (% GDP, 2014-16) 32.3
Share in world total exports (%, 2016) 2.45
Monetary Policy and Currency
Exchange rate regime Free floating
Monetary policy Inflation targeting
Price stability 2.00%
Real Interest Rate -1.10
Currency - global turnover (USD billion, 2016) 260
Currency - global share (%, 2016) 5.10
Key Pair - global turnover (USD billion, 2016) 218
Key Pair - global share (%, 2016) 4.30
Ranking - Economy
GDP per capita (USD, PPP, 2017)
Real GDP growth (2013-17)
Current account balance (% GDP, 2013-17)
Trade (% GDP, 2014-16)
Ranking - Currency and Monetary Policy
Currency - global turnover (USD billion, 2016)
Key Pair - global turnover (USD billion, 2016)
Real Interest Rate
Inflation (2013-17)
International Trade
Main Export (%, 2015)
Main Import (%, 2015)