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Like many other economies, Canada has undergone tremendous changes and transitions over the years. Starting out as a hunting, trading and farming society, Canada has since gone on to establish itself as a major economic powerhouse. These changes have had numerous implications on most if not all areas and sectors of society. From the arrival of Europeans back in the 16th century to contemporary Canada, one can single out a series of events that have shaped and defined the Canadian economy over the years. Fishing and far trade might have been the core aspects of the economy during the late 19th century, however, rapid urbanization, technological developments as well as industrialization have since become central to the economy.

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