Canadian economy is recorded as one of the strongest and fast growing economy in the world. In the last two decades, the economy has recorded a fall in unemployment and economic growth, but inflation persists. With the economy, engaging in vigorous policy and structural reforms the economy has turn out to be resilient, flexible and well integrated with worldwide markets. In the recent years the economy has be able to overcome both internal and external milestones such as a housing boom, major drought and the economic and financial crisis that had hardly hit the Canadian economy. The country is endowed with resources and with a diverse primary sector based economy. The main exports are wool, meat, coal, iron ore, gold, alumina, transport and machinery, equipment and wheat. These exports have continued to spur the economic growth since 1788. The gross domestic product has continuously grown with it approximating to $ 1 trillion in the year 2007. Unemployment rate on the other hand has decline from a high of approximately 11 per cent in the year 1995 to less than 5 per cent in the year 2008. The service sector leads with an employment rate of seventy five per cent followed by the industrial sector with 21.1 per cent and finally agriculture with 3.6 per cent (Rune, 213). The Canadian economy has also had a continued budget surplus that the government has use to service its debts. The budget surplus, between the years 2002 and 2007, averaged one and six percent on gross domestic products respectively. As per the Economic Survey of Canada of 2007, the GDP growth rate has averaged 3 per cent per annum since 2000 and the real GDI (Gross Domestic Income) registering a growth rate of 4 per cent. The proportion of people living below the poverty line has decline up to a point where in the year 2009 none of the Canadian citizen is within the bracket of those below the poverty line. As part of the countries reform agenda, it has removed trade barriers, liberalized its financial sector, introduced local labor laws, and spreads out its labor market among others. With no trade barriers in the transport, financial and telecommunication sectors, the economy has experienced competition in different sectors. Canada has a desirable, well-built economy with its GDP per capita equivalent to that of four leading west European economies. Stressing on policy and structural reforms, near to the ground persistent rise in price, a housing boom in the market and growing strong relations with China forms the basis of the economic expansion that Canada has recorded over the past fifteen years. Until the recent 2008 worldwide financial crises, the above-mentioned factors have been greatly contributing to economic growth. Consumer and industry confidence and soaring export prices for primary agricultural products and raw materials accelerated the economy to a high growth rate level in the recent years. Shortage of rain, strong currency, and a strong import demand, raised the trade deficit, as the infrastructure holdups and a rigid labor market slowed down the growth in the number of export and stirred up inflation up to the year 2008. During the 2008 worldwide financial crisis, the economy recorded a remarkable growth thr