THE JOB MARKET
The Canadian economy experienced a strong growth in the year
2000, after a marked expansion in 1999. The actual growth of gross
domestic products (GDP) was at 4.4% in 2000, in comparison to
5.1% in 1999. The country has experienced its 36th quarter of
uninterrupted growth. According to the international reports of
the IMF and the OECD, it is amongst one of the best members of
the G7, if not the best.
The employment situation follows that of the economic growth
and is improving without interruption. Since the end of 1996,
more than 1.5 million jobs were created . The unemployment rate,
which had been close to 10% at the end of 1996, was brought down
to 6.6% in May and June of 2000, which makes it the lowest level
in 24 years. However unemployment has been slowly rising since
Unemployment rate: 6.8%
Principal economic partners: By far, the main commercial
partner of Canada is the USA: about 77% of its foreign trade is
with its southern neighbour. Other trading partners are the countries
of the EU, notably the United Kingdom, as well as Japan, Mexico,
and South Korea.
Number of foreign employees: 19.2% of the active population.
The most dynamic regions of Canada totally dominate the economy
of the country. In order of importance these are, Ontario, Quebec,
the Prairies and British Columbia.