A variance has several meanings in business. In an accounting sense, a variance is the difference between an actual amount and a pre-determined standard amount or the amount budgeted. In a statistical sense, a variance is a measure of the amount of spread in a distribution.
CANADIAN GEOGRAPHY & CLIMATE. Canada is the second largest country on earth, covering an area of 10 million square kilometres (3.9 million square miles). Three oceans border Canada: the Pacific Ocean in the west, the Atlantic Ocean in the east, and the Arctic Ocean to the north.
Canada is a vast country, with expansive land and many cities and towns and cultures. It is the world's second-largest country, in terms of the total area of land and water within its borders. It is relatively young as a country, however, the country being formed formally only in 1867.