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From Denver 1997 to Birmingham 1998
Country Report


~ Canada Contents ~ Country Objectives ~

Political Data
Head Of State (Governor General): Romeo Leblanc
Prime Minister: Jean Chrétien
Finance Minister: Paul Martin
Foreign Affairs Minister: Lloyd Axworthy
International Trade Minister: Sergio Marchi
Central Bank Governor (Bank Of Canada): Gordon Theissen
Environment Minister: Christine Stewart
Justice Minister And Attorney General: Anne Mclellan
Industry Minister: John Manley
Labour Minister: Lawrence Macaulay

Sherpa: Donald Campbell (Deputy Minister of Foreign Affairs)
Sous-Sherpa: Ian Bennett (Finance)
Sous-Sherpa: Jonathan Fried (DFAIT)
Political Director: Paul Heinbecker

Structure Of Government

   Seats in House of Commons
Governing Party - Liberal Party 155
Opposition Parties - Reform Party 59
 Bloc Quebecois 44
 New Democratic Party 21
  Progressive Conservatives 20
 Independents 1
  Vacant 1
 Total 301

Date of Last Election - June 1997
Date of Next Election - June 2002 (at the latest)

Public Opinion / Approval Rating - The governing Liberal Party and its leader, Prime Minister Jean Chretien, are enjoying a high level of popularity as demonstrated by a recent Liberal Party convention's overwhelming endorsement of Mr. Chretien's leadership, and by a recent by-election in which the Liberals defeated the heavily-favored Reform Party candidate, partly due to Mr. Chretien's high-level of support.

Economic Data
GDP: (1996) Can$ 820.32 bln
(1997) Can$ 856.13 bln
Source: IMF
GDP per Capita: between Can$ 26,500 and Can$ 27,000
Economic Growth Rate: (3 months*) +3.0 % change at annual rate
(1 year/1997 4th quarter) +4.2% change at annual rate
The Economist's Forecasts: (1998) +3.3%; (1999) +2.8%
Source: The Economist
Consumer Price Inflation Rate: (3 months*) +3.0% change at annual rate
(1 year/Feb. 1999) +0.9% change at annual rate
Source: The Economist
Unemployment Rate: (March 1998) 8.5%
Source: The Economist
Interest Rate: Banks prime (22 April 1998): 6.50% per annum
Source: The Economist
Exchange Rate: [Canadian dollar per US dollar / Market Rate - Period Average]
(1996) 1.3635 (1997) 1.3846
(Jan. 1998) 1.4408 (Feb. 1998) 1.4340
Source: IMF
(22 April 1998 - The Economist) 1.43
Current Account:
(latest 12 months)
(1997 4th quarter) US$ (-)12.2 bln
Source: The Economist
Foreign Aid: 0.38 (ODA % of GNP) - 2nd among G7 countries
World Ranking: 7th

Major Trading Partners:
Exports to ($billion) Imports from ($billion)
United States $229.10   United States $183.40
Japan $10.76   Japan $12.51
United Kingdom $3.59   Mexico $6.97
South Korea $2.88   United Kingdom $6.43
Germany $2.62   P. R. China $6.3
Major Trade Products (1997)
Exports ($billion) Imports ($billion)
Automotive Products $69.21   Machinery / Equip. $91.12
Machinery / Equip. $62.78   Automotive Products $60.44
Industrial Goods/   Industrial Goods/
Materials $53.27   Material $53.67

Prepared by Jason Krausert, Wendy Kwok, Thalia Lidakis, and Mike Youash, University of Toronto G8 Research Group, May 1998.

~ Canada Contents ~ Country Objectives ~

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