
Canada
Monetary tightening to slow the economy in 2023
AA1
LOW RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Updated in December 2022.
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GDP | USD 2139.8bn (World ranking 9, World Bank 2022) |
Population | 38.9mn (World ranking 37, World Bank 2022) |
Form of state |
Constitutional parliamentary monarchy |
Head of government | Justin Trudeau (PM) |
Next elections | 2023, legislative |

- Politically stable
- High per capita GDP
- Robust banking system
- High data transparency
- Large oil and gas reserves
- Diverse GDP

- Dependence on exports
- High exposure to the U.S. economy
- Sensitive to commodity prices
- High personal debt
- Government revenues dependent on oil
Trade structure by destination/origin
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
United States
75.5%
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1 |
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China
4.5%
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2 |
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United Kingdom
2.6%
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3 |
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Japan
2.3%
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4 |
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Mexico
1.3%
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5 |
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Trade structure by product
(% of total, annual 2021)
Exports | Rank | Imports |
---|---|---|
Petroleum, petroleum products and related materials
19.0%
|
1 |
13.3%
Road vehicles
|
Road vehicles
8.7%
|
2 |
5.4%
Other industrial machinery and parts
|
Metalliferous ores and metal scrap
4.1%
|
3 |
5.3%
Petroleum, petroleum products and related materials
|
Non-ferrous metals
3.9%
|
4 |
5.3%
Electrical machinery, apparatus and appliances, n.e.s.
|
Gold, non-monetary (excluding gold ores and concentrates)
3.1%
|
5 |
4.6%
Miscellaneous manufactured articles, n.e.s.
|
Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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