Quite often you can hear that it is Canada that becomes the leader among countries with the highest standard of living.
And all because in this country people are used to not working too much, but at the same time, to take an active part in the political life of the country. Thus, to understand in more detail the economic growth of Canada, it is worth noting that its transition from an agricultural country to an industrial one occurred at the right time, which helped Canada to reorient itself in time to become more successful and economically developed.
And if today Canada is accustomed to seeing as one of the main suppliers of forest and petrochemical products, then a few centuries ago, it was almost a neglected territory that was just getting on its feet.
Canadians consider themselves to be absolutely happy people, who at the same time are accustomed to the fact that in their lives there is always stability and many other social benefits. Therefore, in order to view Canada as a country with the best living conditions, it is necessary to emphasize that it is not on this list as a leader for so long.
Economic growth that has become a habit
Due to the fact that Canada is trying to defend its economic independence before the United States, the country is actively producing agricultural products, motor vehicles and timber products. But this is only twenty percent of total exports, which is mainly concentrated on oil production. After all, Canada has developed very large reserves of this natural fossil after Saudi Arabia. But its minerals rich in minerals contain a very large list of natural materials, which are considered quite valuable in the world. Economic integration in this country reached its maximum only after the end of World War II, when people could come morally to the fact that other people’s products should also be present in the domestic market.
And thanks to new agreements and signed contracts with different countries, Canada starts to gain momentum in exported goods and thereby become increasingly economically.
This development of events led to the fact that only the standard of living of the population began to grow in proportion to how quickly the country’s authority rose in the world market. Therefore, since the period when refugees from the Second World War entered Canada and up to the present day the population has been steadily growing. A sharp increase in population fell on the second wave of immigrants, which was in the nineties of the twentieth century. After the collapse of the Soviet Union, Canada was filled with ethnic groups from the post-Soviet countries.
Credits, as part of the life of Canadians
It is very important to pay attention to the fact that almost every Canadian lives on credit. These people try to make their lives as comfortable as possible, and therefore surround themselves with exactly those things that they need at the moment, completely ignoring the fact that sometimes they have to be purchased on credit. The banking sector works in such a way that it would be convenient for everyone to receive a certain amount on credit and at the same time pay for the necessary product or service. Therefore, when there is a question about how to save a little, and then buy something or issue a loan, no Canadian will even think about it, people just take what they need on credit and get pleasure from it.
It is worth noting that the human growth index in Canada confidently allows you to keep the country in eighth place in the world. This suggests that not only the education or literacy level influences a person’s potential, but also his external living conditions, which reflect the person’s prosperity, and hence his growth both economically and socially. In some official sources of information, one can find the expression that Canada is a country of immigrants who know how to live well, but they could not do it in their country, and therefore found their calling in Canada, as in a country where economic freedom stands on the first place.