Canada Energy

Canada is a net exporter of oil, natural gas, coal, uranium, and hydropower. It is one of the most important sources of U.S. energy imports.

Note: Information contained in this report is the best available as of February 2001 and can change.

Canada currently has a bright economic outlook, with projected gross domestic product (GDP) growth of 3.2% in 2001. Liberal Prime Minister Jean Chretien won his re-election bid in November 2000, enlarging his party's majority in the parliament. Chretien plans to reduce taxes, which is expected to lead to increased consumer spending and business confidence. Unemployment is at historic lows.