Questions On Canadian Economic Problems And Policies

Canada has a free market economy. A free market economy allows people to freely buy, sell, and produce what they want, with limited government interaction. Canada is also split into four economic regions, Atlantic, Central and Eastern, the West, and the North. In the Atlantic Provinces, fishing is the major industry. Because of overfishing, however, the area has moved to manufacturing, mining, and tourism. In the Central and Eastern regions, the paper and lumber industry are important to the region. It is also the leading financial and industrial center. To the West, farming and ranching are major activities in the region. This area produces large amounts of wheat to export. They also have the world’s largest natural gas and oil reserves.

To indroduce, "the government of Canada granted approval for the Trans Mountain Expansion Project to proceed with 157 conditions (NEB)." The project includes a lot of infomation for operating. "The project proposes to expand the existing Trans Mountain pipeline system between Edmonton, AB and Burnaby, BC ,and this project includes approximately 987 km of new pipeline ,and there is new and modified facilities such as pump stations and tanks and reactivate 193 km of existing pipeline (NEB)." Moreover, this project increases the capacity of shipping from 300,000 barrels per day to 980,000 barrels per day, which brings a lot of benefits to Canadian economy (NEB). Therefore, the approval of this project not only contains many economic benefits

Pierre Trudeau’s policies on the economy benefitted Canada. Trudeau introduced many new support programs. They included increased unemployment insurance, benefits for maternity leave, and a youth employment program. The programs ensured more money for Canadians. Citizens were able to buy more and the increased spending aided to Trudeau’s “Just Society.” Pierre Trudeau was able to control foreign investment. The Canada Development Corporation (CDC) was created by Trudeau to help with the issue of foreign investment. The CDC bought back companies that were owned by foreign investors. The Foreign Investment Review Agency (FIRA) was created in 1973. The organization approved foreign investments of Canadian companies. This regulated foreign investment which helped more Canadians to continue to own their businesses. In 1982, Trudeau established the “6 and 5” program. The program limited federal employees with the amount of wage increase they would receive. Federal employees would receive a 6% wage increase in the first year, and then a 5% increase the following year. Pierre Trudeau encouraged provinces and businesses to follow this policy as

Every dollar invested makes about $7.50 worth of economic activity and one third of this activity occurs in the rest of canada(Alberta government,march 15 2013). In 10 years about 116 billion was invested into the oil sands, which means that the oil sands don't only make money from extracting the oil(Alberta government,march 15 2013). In conclusion the alberta oil sands make canada a lot of money and raise the

The Northern Gateway Oil Pipeline. MJ Whiticar University of Vancouver. 2012. http://www.energybc.ca/issues/northerngateway.html. Retrieved on March 10, 2013.

This 1.4 trillion-dollar industry has been able to benefit Albertans. To elaborate, Alberta’s upstream energy sector, which mainly includes the oil sands, conventional oil as well as gas and mining has provided 133,053 jobs for Alberta residents, according to Statistics Canada. As well, having the third largest oil reserves in the world, Canada is able to use the oil reserves as a trading asset, as it is currently providing 1.4 million barrels of oil to the USA everyday, which is equivalent to $49.7 million at current stock prices. As well, $52 billion dollars in royalty were accounted for during 2013-14. In this way, the oil sands industry provides jobs, billions of dollars in royalties and boosts national income and prosperity through the trading of this resource. This affects my stakeholder since this would give Ed Stlemech a healthy financial resume/profile to an otherwise terrible environmental and societal resume while he was Alberta’s

Throughout history, First Nations rights and privileges has been a highly controversial subject in Canada, and remains a debatable topic in society, even in the present-day. Whether it has been the controversies surrounding the missing and murdered Indigenous women or the funding of First Nation’s education, concrete results have yet to be achieved. Consequently, the above forces have delayed the restorative process for the First Nations People. That said, the Canadian Government, whether it is the Conservatives or the Liberals, have attempted to take an active approach to aid the Aboriginal community in their healing process. While the Conservative government failed to address the concerns of the First Nations community such as launching a public inquiry for the missing and murdered Indigenous women and raising funds to increase the literacy rate within the Aboriginal community, the Liberal government has acted in accordance with the above requests from the First Nations community. Although the Liberal government has agreed to provide proper funding to further Indigenous education and to launch a public inquiry for missing and murdered Indigenous women, the federal government has failed to acknowledge that to achieve a sense of reconciliation, the First Nations community requires complete self-government.

The first of three pillars that make up the oil and gas industry in Canada is the upstream sector, which is comprised of

Countries having the bituminous sand but the wide range of this sand are finding in Canada. The research show that this company is important for economy and showing robust future in the future because in 2004, the processing of engineered unrefined petroleum (SCO) and natural rough bitumen spoke to 41 percent of aggregate Canadian oil generation. At an accepted WTI cost of $32 for every barrel, the oil sands generation is relied upon to expand three fold by 2017, helping considerably more than 50% of Alberta's oil supply. The normal elevated amount of oil action ought to prompt gigantic budgetary development in the district and in addition in the area. The number of inhabitants in the locale (i.e., Wood Buffalo-Cold Lake Economic Region7) has expanded by 8 percent between 2000 and 2004. This contrasts and a development of 7 percent for the region, and 5 percent for the country over the same period. The development and improvement in the oil sands industry at the provincial level affects the common, national

As canada emerged from the war the economy started to grow stronger and stronger, because of the mass job gain in canada while the war was happening and this is how it started. Canada's

The Keystone Pipeline is an oil system that stretches from Canada to the USA and is a proposed 875 mile pipeline project. It transfers and delivers approximately 830,000 barrels of oil per day. This project was originally developed by TransCanada and ConocoPhillips, but TransCanada bought ConocoPhillips interest and is now the sole owner of the Keystone Pipeline. There are 3 phases to the Keystone Pipeline with a fourth phase that is proposed. The Keystone Pipeline is considered the safest and most effective oil pipeline operation in North America. It

TransCanada Pipelines, Ltd, was incorporated by an act of Parliament in 1951 to construct a natural gas pipeline across Canada.

In the wake of recent events myself and the Canadian Government would like to release a statement on the current state of our country’s race relations. Last month with the recent riots in Baltimore that took place on the 28th of april following Freddie Gray 's funeral. Freddie Gray was a member of a sadly impoverished community of African-Americans in Baltimore who like many others in such a situation had trouble with the police. These riots were preceded by peaceful protests that shed light on the current state of America’s police system but sadly they were overshadowed by riots and violence.

On the 9th of February 2004 TransCanada Corporation, an energy company based in Alberta, Canada proposed a plan for the installation and use of a pipeline that would stretch from Alberta, Canada to oil refineries in the Gulf Coast of Texas in the United States. The pipeline, titled the Keystone Pipeline, would be installed in four separate phases and once completed would transport up to 1.1 million barrels of synthetic crude oil per day. Phases two through four of the pipeline encompass the parts of the pipeline that would be installed in the United States and would be located in the states of North and South Dakota, Nebraska, Missouri, and Illinois. TransCanada is currently awaiting approval from the US government in order to

The Keystone XL pipeline will be one of the largest pipelines in the United States if it is constructed. The pipeline will travel 1,702 miles from Alberta, Canada, to the Gulf of Mexico and will be built by TransCanada, a Canadian-based company (Song). The major pipeline will cross six states on its journey to the Gulf of Mexico, which would be carrying an impressive 830,000 barrels of crude oil per day (Molina and Xiaobi 170). Each barrel of oil is the equivalent to forty-two gallons, which is a more relatable measurement. The pipeline will also connect with the previous Keystone pipeline traveling through the heart of America. It will be carrying oil from the tar sands of Canada, which are also known as oil sands. These contain heavier crude oil than what the United States