Canada's Current Economic Situation

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.

One of the most pressing issues faced by Canada today is unemployment. In fact, reports confirm that the jobless rate continues to increase every year. As of February this year, the unemployment rate was at 7.0%. The presence of unemployment rate is evident in various provinces. In Quebec, the number of people working declined by 26,000 in February. Alternately, the number of employed in British Columbia fell by 10,000; while Saskatchewan nearly 6,000 individuals are unable to find jobs. The Conference Board of Canada projected that the country’s labour woes could reach to more than one million workers by 2020. In addition to this, experts predict that the unemployment rate in this country will surpass that of the United States. Along with the dismal figures and projections, the problem of unemployment consequently creates numerous negative consequences on the nation’s economy, its government, and of course its people. Some of the known effects of unemployment include reduced spending power, an increase in financial cost, recession, and even crimes and violence. Individually, long-term unemployment may result to depression, loss of self-respect, and strained relationships with family and friends – ultimately causing damage to the person’s overall well-being. The adverse effects of unemployment only show that this issue imposes a significant cost both on a national and individual level. As such, it is of primary importance to create an immediate plan of action to alleviate

After reading Dinner Party Economics, written by Eveline J. Admit and Richard G. Maranta, I find myself asking many questions. One of which is how Canada is doing with macroeconomics policy and the political debate. Today, March 2016, Canada is not doing its best job. With the current price of the Canadian Dollar, our economy is not in good shape. In the past year, the Canadian Dollar has taken a huge dive. With the rising costs of living, Canadians are finding it harder each year to afford basic needs for their families. Gas prices and fresh food at markets continue to rise to record levels. The unemployment rate in Canada also continues to rise. With less people working full time jobs, families are finding it very difficult to support a family

One of the big problems Canada has had recently is the recession. To reduce the effects of this catastrophe, we plan to give benefits to those most affected: the middle class. We will invest in jobs for those who lost theirs during the recession and provide benefits to

Canada 's biggest concern encompasses the degree of power to which the Prime Minister is in possession of, coupled with the matter of proper implementation. Accordingly, a survey conducted by Nanos Research displayed results which state 42 percent of Canadian 's believe that the PM should have less power. In extension, polls attest that concerns regarding too much power within the PM stand considerably higher than concerns within any other section of the government (Clark, 2012). In order to adequately comprehend the troublesome overabundance of power placed upon the Canadian Prime Minister, the following four components are to be understood; the influence of Supreme Court judgments, the responsibility of appointing both cabinet ministers

During the 2015 Canadian federal election campaign, Justin Trudeau’s Liberal Party took policy positions that were furthest to the political left compared to the other two main parties, the Conservative Party and the New Democratic Party (NDP). In an effort to appeal to traditional liberal supporters as well as voters who traditionally identify with the NDP, the Liberal Party adopted a reform liberal economic agenda and social democratic policies. Conversely, Thomas Mulcair, the leader of the NDP, embraced a campaign platform to the right of the Liberals. In particular, the NDP’s agenda blended neo-liberal economic policies with moderate conservative social policies. Stephen Harper’s Conservative Party adopted policies that were similar to the ideologies of the New Right, which embodies neo-liberal economic policies and conservative social policies. This essay will argue that the ideological similarities between the Conservatives and the NDP changed the political landscape in the recent election as voters were left with only two distinct political ideologies to choose from instead of the traditional three. In supporting this position, this essay will first examine the economic ideologies of these three

The 2015 Canadian election was one of great importance that showcased a changing of guard in the Canadian political context. Key issues in this election were; Bill c-21, multiculturalism, the refugee crisis, Marijuana legislation, war on terror and ISIS, and environmental policies. Although these are all pinnacle matters, one of the most pressing issue was economic policies. Economics policy is what is commonly seen as the commons man’s issues and what might win most people over in an election cycle. Justin Trudeau and Stephen harper were the campaigns largest attractions Harper representing the fiscal conservatives and Trudeau representing the big deficit spending policies of the Liberals, with largely different economic views that would

The performance of economies can be measured in many different ways and is measured by many people and institutions. Economies can be rated as performing well or poorly based on the macroeconomic and monetary policies, who is in charge, what the rest of the world is doing and so on. “Macroeconomics is about many different markets interacting with each other as a whole” (DPE 4). Ontario is an example of an economy that has many macroeconomic markets that are always interacting with each other. Many people have different thoughts of how well an economy is performing based on what macroeconomic markets they are looking at or what they are comparing these markets to. The Ontario government is doing well in some aspects of the economy but not

According to Department of Finance, in 2013 the estimated percentage for Real Economic Growth was 0.1%, down from 0.5% projected at budget for 2012. This estimate is slightly more prudent than the latest consensus among private sector forecasters as it reflects weakened economic conditions. Due to the blockage of New Brunswick Mine in 2013, it vastly affected New Brunswick’s economic growth. In addition, sluggish employment, weaker exports and flat consumer expenditures in 2013 also constrained growth. There were more employment in some sectors such as construction, agriculture and natural resource.

Currently, Canada’s economic base is quite strong considering its developed status and demographic factors. These include the birth rate death rate, GDP, natural increase rate, dependancy load, life expectancy, etc. Also, I will explain the current immigration situation in Canada, its importance, and its potential future, as well as further factors that may effect the immigration to Canada. I will also briefly write about Canada’s First Nation people, their current situation residing in Canada, and what the future has inscribed for them. The future will bring a completely brand new perspective towards Canada, not only for its citizens, but also its surrounding countries. I have accumulated some thoughts on the account of Canada 's future.

The Liberals have been known to “campaign left and govern right”. They hold a respectable economic record from 1997 all the way to 2006. Between these years, Canada enjoyed eight years of financial surplus’. The conservatives were elected in 2006. The Canadian government, following 2007, suffered from 8 years of consecutive economic deficit.

The government has an enormous influence on the economy of its nation. As of November 2015, Canada will be under the leadership of Justin Trudeau and his Liberal party. The article predicts how the newly elected government will influence the Canadian economy. The government affects the economy through the manipulating the value of its currency, government bonds, and annual spending. Factors such as interest rates and government debt would affect a nation’s currency and consequently, the economy. Government bonds help determine interest rates. Annual spending on government projects, such as infrastructure, would increase the GDP (Gross Domestic Product) of a country. GDP increases will boost the economy.

Like the price of many other resources and products, gasoline and diesel have risen to shockingly insane amounts over the last few decades. A goal for this country would be to have better price stability on the price of gasoline, so that many Canadians would not have to suffer the cost to fuel their cars to get to their school or jobs. The Canadian economic system does not adequately address the values and concerns of Canadians citizens.

Even if we use the word “happiness” on daily basis, has anyone ever tried to define it? It’s harder than it seems. When do you feel happy? How is it when you feel happy? Is there any way to understand how much happiness to you experience? This is the main hypothesis of this paper – Can happiness or wellbeing be measured? And if it can be measured, how do we measure it? Happiness is feeling pleasure and enjoyment because of your life, situation (Meriam Webster). Pleasure and enjoyment are very subjective and means different things to different people. This is where the term subjective wellbeing comes from. There are a lot of things that can be included when measuring wellbeing. Various studies have been conducted to assess wellbeing and how does it affect other factors. For example Earlstin(1995) and later on Ferrer-i-Carbonell(2005) have examined the relationship between income and happiness. Gruber(2004) studies the relationship cigarette taxation and happier smokers. Richard, Clark, Gerogellis and Diener(2004) analyze the effect of unemployment on wellbeing.

I am writing to you from Canada because you wanted to know if you shall come to Canada. The condition in Canada at the moment is not the greatest it is very packed full of people that had the same idea as us. I am very desperate for a job the Canadians don't completely trust us and are being racist. Me and my family are currently in British North America. one great thing about living here in Canada is that there is not that many sicknesses going around and everyone is healthy after they have recovered from the sickness from Ireland and every one is happy and healy. Proof Also, there is enough food to go around for every person and family. The food here is great and growing conditions are fantastic crops are plenty.