Global events have a significant impact on the Canadian economy because:
A) Canada derives a small percentage of its economic wealth from international trade.
B) Canada's economy has a relatively large proportion of commodity-based industries.
C) Canada's manufacturing base has increased substantially in the last two decades
D) almost all of the Government of Canada debt is held by domestic investors.

Question

Quizplus · Accepted Answer

Canada's economy is significantly influenced by global events due to its large proportion of commodity-based industries, such as oil, gas, mining, and forestry, which are highly sensitive to global market changes and demand.

Global Events Have a Significant Impact on the Canadian Economy