Arnab De Hiren Ahir Manan Jhaveri Nikhil Assudani Nikunj Parekh Ritesh Dhameja

British and French. Formation of two parties : Reformers/Liberals and Tories/Conservatives. Breaking up of party in smaller groups. Power attained by reformers-1848 Origin of the Liberal-conservative party-Seven Parties. Liberal-Conservative party. The Great Coalition.

Current Situations

Constitutional Monarchy and Parliamentary Democracy. Monarch is head of state. Conservative Party of Canada (or its predecessors) and the Liberal Party. New Democratic Party has risen to

prominence in 2011.

Economic Overview

Tenth largest economy in the world. Canadian economy is dominated by the service industry.

Canadas GDP is $1.574 trillion (2010) and its

GDP is growing at 9.6%. Inflation is about 1.6%.

Canada's national unemployment rate : 7.1%

GDP Analysis

The sector wise split up of the GDP is : agriculture (2.3%), industry (26.4%),services (71.3%).

Contribution

Agriculture Industry Services

Cultural Aspects

Canada has two official languagesEnglish and Frenchand a highly diverse culture .

About 1/3 speak French rest speak English as mother

Tongue.

American Influence due to geographical proximity to it. Take Pride in national Flag and Highly sensitive about it. Some Business Documents/Visiting Cards may be required in French as well depending on location.

Education and Status is very close to them. More Direct in their conversations than Asians in General. Detailed Planning in all assignments with Anglo-Saxon approach.

Interruptions regarded offensive in meetings and Everybody

expects a 'democratic right' to be allowed to have their say.

Tip after services such as restaurants, bars Courteous. The predominant religions in Canada are Catholic 42% and Christian 40%

Individualism is of almost importance.

Maintaining peace and Honesty are Integrated part of value system. Extremely low crime rate(Lower than US) thus safer place to live.

Murder rate down by 40% to 1.85: 100,000 in 2010. Bribe Index by global civil society Transparency International rated Canada as Least Bribe Paying Nation. Do not Prefer to do business with Companies not conducting business in a socially responsible way. Major Festivals:
The events include Toronto International Film. The Calgary Stampede. Ottawa's Winterlude during winter

Business practices in Canada

On greeting your Canadian counterparts for the first time, it is customary to shake hands and introduce yourself. It is important to use a firm handshake and make direct eye contact when meeting and leaving your business associates, as this creates an impression of sincerity. For initial introductions, use the appropriate professional title such as Dr or Ms, Miss, Mrs or Mr followed by the last name when addressing your Canadian colleagues. You will quickly be invited to use first names. In Canadian business culture, the exchanging of business cards is common practice. If doing business in Eastern Ontario (Ottawa) or in the province of Quebec, it is advised to include both French and English translations on your business card as well as printing your academic title or degree. Education and status are important, especially to French Canadians. Generally, business meetings in Canada are well structured and time efficient. As a result of the Canadian respect for courtesy, meetings tend to be more democratic, where agreement is sought and a give and take, open expression of opinion is encouraged.

Canadian Business Etiquette

DOs

DO expect business negotiations to end in a direct plan of action. However, decisions are not hurried, and the open discussion style of Canadian negotiating may set a slower pace for business.

DO make enquiries in advance as to your Canadian counterparts chosen language. If doing business in the East or in Quebec, some organisations may require documents to be in both English and French. DO maintain an air of formality at all times. A reserved demeanour, good manners, and following good rules of etiquette are important aspects of Canadian culture. This type of behaviour is essential for appearing confident and trustworthy to your Canadian business associates.

Canadian Business Etiquette

DONTs
X

DONT discuss areas of ones personal life, such as family and other personal affairs, during business negotiations. Canadians prefer to keep this aspect of their life separate. DONT over emphasise your companys abilities or appear too boastful. Although a certain amount of confidence is expected in Canadian business culture, you should never overstate your business competence. DONT underestimate your Canadian counterparts direct approach to business. Despite their reserved reputation, communication in business situations is more direct and succinct.

Technological Progress

Industrial nation with a highly developed science and technology sector.

Nearly 1.88 percent of Canada's GDP is allocated to research & development (R&D).

Ranks 12th in the world for Internet usage with

28.0 million users, 84.3 percent of the total population.

In a 2011 review of academic institutions, Canada was

ranked third among countries in the impact of space science research publications.

Canada is a participant in the International Space Station and one of the world's pioneers in space robotics.

Since the 1960s, Canada Aerospace Industries have

designed and built 10 satellites.

Northern Light designed to search for life on Mars, if the Northern Light is successful, Canada will be the third country to land on another planet.