There is one more global brand .. Shopify .. although the stock price has tumbled a lot and they are doing very badly that they rescinded offers on even internships. But it does have global presence and has customers all over the world. Australia is dependent on China in the same way Canada is dependent on US.This is one thing that bothers me the most.
Canada's economy looks fragile and scary I think in terms of diversification, I think even india is doing better job,even though they say it is one of the most developed nations.
First no global brands (black berry,bombardier....are ded)
I mainly didn't prefer Australia because it only had mining canada is not much different.
Why does canada sell apart from agricultural product, auto parts ,natural resources.
Canada don't have even refineries ,they mine every thing just send to US to get finished products.
Fully dependent on US as a customer
Maybe scared of US(as we know US govt is very good with its competitors)may be lazy,but living here for 2 month I understood if US get a cold canada feels like pneumonia.
Canada's economy and thinking is a little too closed and rigid for a developed country. It kind of helps and inhibits it at the same time. Their policies have helped them to have their home grown brands to exist - for example banks like TD, BMO, CIBC and Rogers etc. If the policies were open Chase or other US banks would have killed the market. Tim Hortons is able to sustain even with Starbucks. But since they get things easier here the companies have no will power or ability to dominate in markets outside of Canada.
Australia is secluded from rest of the world but Canada has an advantage of having access to US markets. But challenge is the companies don't have the open mindset and work culture needed to make a name in US. Unfortunately, from what I have seen they are not even trying to diversify economy to be in a better shape 10-15 years down the line. The work needs to start today to see results in future.