What Is The Difference Between Canada And Us Economy

Canada is not only one of the biggest economies in the world but also one of the richest nations. Like the other developed nations, the Canadian economy is dominated by the service industry, which employs about three fourth of the Canadian working population, but, unlike the other developed countries, Canada gives a lot of importance to its primary sector. Canada also has the eighth largest commercial fishing and seafood industry in the world. Though the Canadian economy is closely integrated with the American Economy, it has developed its own economic institutions. The economy of Canada combines elements of public and private enterprises. Canada closely resembles the U.S. in its market-oriented economic system and pattern of production.
These mortgages must be individually guaranteed under the National Housing Act. This is then sold to a third party. When individuals make their mortgage payments to the financial institution, the financial institution passes the payments through to the owner of the security by sending a cheque for the total of all payments.

Corporate Bonds: These are long-term bonds issued by corporations with very strong credit ratings. The typical corporate bond sends the holder an interest payment twice a year and pays off the face value when the bond matures. Some corporate bonds, called convertible bonds, have the additional feature of allowing the holder to convert them into a specified number of shares of stock at any time up to the maturity date.

Government of Canada Long and Medium Term Bonds: These bonds are issued by the government to finance its deficit. Medium term bonds have an initial maturity period of 3-10 years, whereas the long term bonds have a maturity of more than 10 years. These instruments are issued either in bearer or registered form in denominations of $1000, $5000, $10000, $25000 or $100000. In registered bonds, the name of the owner appears in the certificate and is registered at the Bank of