Canada's economy, much like those of the United States and Western Europe, is dominated by the service sector. But unlike some of its advanced economy counterparts, Canada is also a resource state. According to 2005 data, the country has the second largest proven oil reserves of any country on earth, and it is one of the ten biggest oil producers. The country also has large oil sand deposits, which become economical--and potentially quite profitable--as the price of crude rises. The country is highly reliant on foreign trade, particularly with the United States, which accounts over 70% Canadian exports. Despite the fact that Canada's banks for the most part fared better than their U.S. counterparts during the financial crisis, the global economic turmoil still took a toll on the Canadian economy.