Canada from the North American region is a well-developed market economy. It is largely composed of private enterprises and a free market which makes it the perfect location for our international retail business. Trading Economics has concluded the following, “The Gross Domestic Product (GDP) in Canada was worth 1740 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Canada represents 1.44 percent of the world economy” (Canada GDP, 2020)
Canada has passed the U.S economic freedom rating with the current GDP rate of 1.713 trillion USD. Due to Canada’s advanced economical situation, it proves that a business in this country will be successful in effectively providing our product while profiting and further expanding.
