Canadian French: [kanadɑ] is a country located in the

Provinces and territories 
Main article: Provinces and territories of Canada 
See also: Canadian federalism 
Canada is a federation composed of ten provinces and three territories. In 
turn, these may be grouped into four main regions: Western Canada, Central 
Canada, Atlantic Canada, and Northern Canada(Eastern Canada refers to 
Central Canada and Atlantic Canada together). Provinces have more 
autonomy than territories, having responsibility for social programs such 
as health care, education, andwelfare.
[192]
 Together, the provinces collect 
more revenue than the federal government, an almost unique structure 
among federations in the world. Using its spending powers, the federal 
government can initiate national policies in provincial areas, such as 
the Canada Health Act; the provinces can opt out of these, but rarely do so in 
practice. Equalization payments are made by the federal government to 
ensure that reasonably uniform standards of services and taxation are kept 
between the richer and poorer provinces.
[193]
 The major difference between a 
Canadian province and a territory is that provinces receive their power and 
authority from the Constitution Act, 1867 (formerly called the British North 
America Act, 1867), whereas territorial governments have powers delegated 
to them by theParliament of Canada. The powers flowing from the 
Constitution Act are divided between theGovernment of Canada (the federal 
government) and the provincial governments to exercise exclusively. A 

---

change to the division of powers between the federal government and the 
provinces requires a constitutional amendment, whereas a similar change 
affecting the territories can be performed unilaterally by the Parliament of 
Canada or government.
[194]
 
Economy 
Main articles: Economy of Canada and Economic history of Canada 
Canada is the world's tenth-largest economy as of 2016, with a nominal 
GDP of approximately US$1.52 trillion.
[195]
 It is a member of the Organisation 
for Economic Co-operation and Development (OECD) and the Group of Eight 
(G8), and is one of the world's top ten trading nations, with a 
highly globalized economy.
[196][197]
 Canada is a mixed economy, ranking 
above the US and most western European nations on The Heritage 
Foundation's index of economic freedom,
[198]
 and experiencing a relatively low 
level of income disparity.
[199]
 The country's average household disposable 
income per 
capita 
is 
over 
US$23,900, 
higher 
than 
the 
OECD 
average.
[200]
 Furthermore, the Toronto Stock Exchange is the seventh-
largest stock exchange in the world by market capitalization, listing over 
1,500 companies with a combined market capitalization of over US$2 trillion 
as of 2015.
[201]