In 1821, the first banknotes were issued by the Montreal Bank, becoming the main method of payment in the country.
In the early 1660s, currency was first introduced in the country because of French colonists bringing coins to Canada.With over 1,500 companies listed that have a combined market capitalization of over US$3 trillion, the Toronto Stock Exchange ranks as the eighth largest stock exchange by market capitalization globally.Canada is perceived as one of the least corrupt countries in the world, according to the Corruption Perceptions Index.Import products are motor vehicles, machinery, equipment, durable goods, electricity, chemicals and electronics.Export products also include aircraft, telecommunications, timber, petroleum, crude, electronics, plastics and machinery.Canada is the fourth largest exporter of petroleum and natural gas in the world.The country has the world’s third largest oil deposits after Venezuela and Saudi Arabia.The worth of Canada’s commodities is estimated at US$33.2 trillion, which ranks the country as the third richest country in terms of natural resources globally.The main industries of the country are chemicals, wood, paper products, food products, minerals and transport equipment.In 2020, Canada was the ninth largest national economy by nominal GDP, with the country’s GDP being estimated at almost US$1.75 trillion.Canada is a mixed economy, with the service industry accounting for over 70 percent of the total gross domestic product (GDP).
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