How did the Canadian economy change after World War II?

After World War II, the Canadian economy underwent significant transformation as it moved towards a more diversified economic model. This transition was driven by several key factors. The end of the war saw a surge in demand for goods and services as returning soldiers reintegrated into society and the population grew. This demand propelled the manufacturing sector into a central role, leading to increased industrialization.

The diversification of the economy was marked by a shift away from just agriculture and primary resource extraction towards manufacturing and services, which became crucial components of economic growth. Industries such as automobile manufacturing, technology, and consumer goods flourished, leading to job creation and urbanization. Additionally, there was a growing service sector that included healthcare, education, and finance, reflecting a modernizing economy.

Overall, the post-war period was characterized by a move towards economic activities that were not solely dependent on natural resources, allowing Canada to establish a more resilient and varied economic foundation that would foster stability and growth in the decades to come.