Thursday, March 30, 2006

G-8 country

Canada, a leading G-8 country, is one of the healthiest economies in the world. According to World Bank figures, its- GDP stood at US$980 billion in 2004. Real GDP growth is projected to grow by 3.0% in 2005-06 (OECD economic outlook). As of June 2005, inflation rate of the economy stood at 1.5%. Current unemployment rate is 6.7%. The 2005 IMD World Competitiveness Yearbook has ranked Canada at fifth globally for overall competitiveness. With an advanced communications infrastructure, it is a breeding ground for new technologies.

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