MIRA
INFORM REPORT
|
RATING
|
STATUS
|
PROPOSED CREDIT LINE
|
|
<10
|
C
|
Absolute credit risk exists. Caution needed to be exercised
|
Credit not
recommended
|
|
|
|
|
|
Status :
|
Not Incorporated in Ontario
|
|
Payment Behaviour :
|
--
|
|
Litigation :
|
--
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 01, 2014
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Country Name
|
Previous Rating
(31.03.2014)
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Current Rating
(01.06.2014)
|
|
|
|
|
|
Risk Category
|
ECGC
Classification
|
|
Insignificant
|
A1
|
|
Low Risk
|
A2
|
|
Moderate Low Risk
|
B1
|
|
Moderate Risk
|
B2
|
|
Moderate High Risk
|
C1
|
|
High Risk
|
C2
|
|
Very High Risk
|
D
|
CANADA - ECONOMIC
OVERVIEW
As a high-tech industrial
society in the trillion-dollar class, Canada
resembles the US
in its market-oriented economic system, pattern of production, and high living
standards. Since World War II, the impressive growth of the manufacturing,
mining, and service sectors has transformed the nation from a largely rural
economy into one primarily industrial and urban. The 1989 US-Canada Free Trade
Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which
includes Mexico) touched off
a dramatic increase in trade and economic integration with the US, its
principal trading partner. Canada
enjoys a substantial trade surplus with the US, which absorbs about
three-fourths of Canadian merchandise exports each year. Canada is the US's largest foreign supplier of
energy, including oil, gas, uranium, and electric power. Given its abundant
natural resources, highly skilled labor force, and modern capital plant, Canada enjoyed
solid economic growth from 1993 through 2007. Buffeted by the global economic
crisis, the economy dropped into a sharp recession in the final months of 2008,
and Ottawa
posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major
banks, however, emerged from the financial crisis of 2008-09 among the
strongest in the world, owing to the financial sector's tradition of
conservative lending practices and strong capitalization. Canada achieved
marginal growth in 2010-13 and plans to balance the budget by 2015. In
addition, the country's petroleum sector is rapidly expanding, because Alberta's oil sands significantly boosted Canada's proven
oil reserves. Canada now
ranks third in the world in proved oil reserves behind Saudi Arabia and Venezuela.
Company name & address
CANADIAN DREAM
Address: 20 Bay Street, Toronto, Ontario M5J 2N8
- Canada