Essay On Canadian Economy

-This is because a group of recent immigrants had not done much to Canadas economy

After the gruesome war Canada had fought in, it has left the economy in pieces, many returning soldiers are unable to find a job or get resettled in the old ones they had left. Many women that had contributed greatly during the war are left in the dust as soon as the war had ended. Canada’s economy will slowly repair itself, though it will take a long time.

Since most of the immigrants are skilled, Canada is able to rely on them and employ them for their most important jobs throughout the labor market, which is helping the economy grow constantly.

In October 1929, the stock market crashed in the United States. It may have just crashed in the States, but it affected most of the world, including Canada. The crash caused the 1930's to be a period of great depression for citizens and brought the economy into a state of panic. To boost the economy, Canada decided to cut back on military, Canada even reduced it to as low ws 5,000 full - time military personnel. They cut back on military, which then let them to focus more on family and jobs. Well clearly, this was not enough, because The bank of Canada was also established. It established a minimum floor price of wheat. Agriculuture now, had become the most regolated and subsidized in many developing countries to control the problem of the low prices, and income. The International wheat Agreement outlined quotas to control the prices. The Bank of Canada did this because they feared of another depression, so, this was then used to help prevent another one from happening. The Great Depression was such a defining moment for Canada, because Canada dealt with the issues, without looking for financial aid from abroad. Canadians also learned that, in order to keep the economy stable, the country has to take care of its own political, and economic standings. The events that have had the greatest impact on defining Canada are The

Today, Canada is the second best country in the world according to the Washington Post. But what’s so appealing about Canada? Canada has their own government, they promote gender equality and have equal right towards every race. But Canada was not always the great country that it is today. Canadians worked hard to accomplish independence and recognition. Historical events that helped shape the way Canada it is today are, the battle of Vimy Ridge, the Balfour Report and Statute of Westminster, the Persons Case, the formation of NATO, and the Canadian Charter of Rights and Freedom. These are the events that helped Canada grow as a nation to become a peaceful, independent, and a just country.

In the Roaring Twenties, Canada changed for the better as it was a time of happiness after the war. Happiness was not the only thing that came in this time, industries began booming like “Foreign demand for Canadian raw materials increased after 1926. There was a better market for the traditional resources, like wheat and timber, and increasing demand, especially from the United States, for new resources like pulp and paper and base metals.”(Canada A) This finding indicates that Canada was doing well since it was a new country it had many resources to share like it’s large amount of lumber of the west. It also helped as industries begun to advance quickly rising the demand for the resources. The many resources like metal, and wood boomed which increase Canada’s economy. Canada didn’t just change, but it society did too. Canada society was more accepting as it

Canada entered WWI during a time of economic struggle. Unemployment and crop failure raged across the country. Despite this, they put their best effort into fighting for “the mother country” or Britain. Canada wanted to show that they weren’t to be messed with. The impact of WWI on Canada was negative in the fact that their economy almost failed but positive in how Canada managed to become independent.

Economies: Ontario is one of the biggest economies in Canada. Ontario has the biggest GDP and there’s is as much

New Canada is a shell of what it used to be before its great depression and eventually WWIII. The Canadian depression started in 2033 with what historians are now calling “The Great Sellout.” Historians have no idea what initially caused it, but the act was that all businesses in Canada relocated and outsourced to foreign countries leaving millions of Canadian citizens unemployed and Canada without industry. Canada suffered the largest deficit ever to be had by a country at the time and the record only grew higher every year after. In its desperation, Canada sold itself out to China in 2039 in an attempt to improve the lives of its citizens. China took over what used to be car factories and turned them into weapon manufacturers. Only one year after the colonization of Canada, China invaded the U.S.

-Real GDP (Gross Domestic Product) has steadily rose according to recent statistics. According to an article in (“Stats Canada” [Canadian economic accounts,

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.

The cornerstone of Canada’s economy is the export of the natural resources. One of the provinces in Canada I am in love with is a prairie province, Saskatchewan. Agriculture and mining extensively dominate the provincial economy, and it is the largest exporter of potash and uranium in the world, making Saskatchewan one of the highest GDP leaders.

Canada’s economy was once solely reliant on the exportation of raw materials, such as furs and timber, to Great Britain and Western Europe. Aside from this exportation of raw materials, Canada was largely agricultural in nature. By the time of Confederation, fifty-percent of labour remained agriculturally based (Krahn, Lowe, Hughes, 2008). Changes occurred around 1900; the industrial era replaced the once mainly agricultural and small-scale local production of times past by way of new technologies in the form of electricity, steam powered engines, railways, water wheels, etc. These tools allowed for the re-organization of work from piecework and compensation, based on individual output, to one of large manufacturing plants, high-production, specialized workers, and hourly pay. This industrial era has now morphed into one of new technologies and new careers; careers based in services. The dominance of a service-based economy is prevalent as around 75% of all employment in Canada was in services circa 2005(HRSDC,

The Canadian economy expanded 0.9% in the three months to September of 2016. It was the highest growth rate since the second quarter of 2014, boosted by exports of energy while domestic demand slowed. Exports increased 2.2%, after a 3.9% decline in the last period. Growth was driven by a 6.1% increase in the energy sector. Most recently, there has been a 5.1% decline in the second quarter as a result of the Fort McMurray wildfires.

Canada is resource rich but the land is poor. The key to Canada’s economy is its role as a resource base, not just for its own manufacturing but for export too. The foundation since the European landed here in 1947 has been minerals, ore, forestry products oil and gas. Canada is one of the wealthiest countries in the world, GDP ranked 14 in the world. The economy is considered a mixed economy, combining the goodness of the free-market and the governmental