THE ECONOMY OF CANADA
The main economic component of Canada is its great number of unique and sought-after natural resources. The country is listed among the leaders of timber industry. The well-known Canadian Forest Service controls the deforestation in order to preserve such an important resource for a long time. Canadian economy is also getting quite a good boost from the fish industry, mainly based in Newfoundland. It is also well known that Canada is the second largest diamond producing country in the world.
Leadership in zinc, gold, lead and aluminum production allows developing the economy increasingly. Some provincial cities in Canada exist only because of the large number of mines and wood sources on their territories. In 2015, Canada became a world leader in biotechnology, telecommunications and pharmaceutical industry. Moreover, the state has been actively developing the electricity supply sector. Western provinces allow Canada to be quite a larger supplier of grains and wheat. Soybean, sunflower and rapeseed are grown in many agricultural areas. This sector is coordinated by the Canadian Grain Commission.