Physical Diversity is very important when it comes to Tourism and Recreation. It not only allows the regions to have large cities which attract a lot of different people but to also have natural features that attract many tourists. There are so many activities available for tourists that it can very be hard to choose where to go. Regions like the Interior Plains have many different national parks and gardens while the Hudson Bay and Arctic Lowlands offer activities rock climbing, canoeing and polar bear and whale watching. While tourism and recreation do not affect the economy as greatly as natural resources do, they still have an impact on it. Each province earns several million dollars every year from
What does a review of the current press reveal about the attitudes of Canadians in terms of global business and international trade?
Canada’s economy has to face many issues. One of these being the rate of exchange. The canadian dollar has been going up and down constantly throughout many years. “The first paper money issued in Canada nominated in dollars were British Army notes, issued through 1813, The Bank of Canada was created in 1934 and given responsibility, through an Act of Parliament.” Much has happened to the dollar throughout the years; the economy always varied depending on the dollar worth because it has always played a major role on the economy. Pertaining to the issues of the exchange rate, I will discuss two main ways of it and how it plays a big role on the economy in present times.
If consumer spending and exports decrease, Canada’s economy can decline simultaneously with the American economy. As mentioned above, international trade accounts for 45% of Canada’s GDP. On April 1, 2011, the loonie hit a three-year high after U.S. employment increased and the jobless rate decreased. The dollar increase from a decrease in U.S. unemployment exemplifies America and Canada’s trading partnership and coinciding economies.
Since the country’s conception in 1867, Canada has lived in the shadow of it’s southerly neighbour, the United States of America. Through the years, what started out as a country with very distinct culture has morphed and become Americanized. Historically speaking, American influence has had a great economical impact on Canada. Speaking about the Americanization of Canada, Pierre Trudeau, former Prime Minister of Canada, has said, “Americans should never underestimate the constant pressure on Canada which the mere presence of the United states has produced…” This pressure has changed the way Canadians live and conduct business. This pressure has Americanized the Canadian economy. American culture has a very far reaching effect on Canada with many trickle down effects. Americanization of the Canadian economy has lead to the American control of the Canada’s corporate structure, Canadian dependence on American capital, turned the Canadian economy into a mirror image of the American economy, and has led to loss of
The Canadian economy has hit a recession because of the fall in oil prices, among multiple other factors. Since Canada is one of the largest producers of oil, this has affected our oil exports, as well as our currency. Recently, the Canadian economy posted negative growth output of -0.5% in the second quarter. Furthermore, the Canadian currency
BC is a major provider of lumber, and minerals; which, because of the railway is transported to the Central provinces, where it’s manufactured, and then exported. The necessary items of living are more expensive in BC because most of the farms are in the Prairie Provinces, and/or Ontario. Gas is also 27 cents on average, higher than the national average of 97.7 percent. BC is one of the most expensive provinces to own a car, partly due to the high gas prices, and inflated insurance costs. Some tensions arise within BC, as our economy strives off of our exports of fish, timber, and minerals; yet, when we receive items back from Central Canada, we are paying higher prices, and taxes on the same items that Ontario, and Quebec are buying. Even though BC has a decent number of seats within the House of Commons, we still feel a little bit outcast, as we are often grouped in with the other western provinces, and our voice isn’t heard like the big two central
The average vacation brochure presents images of sandy beaches, luxury hotels, massages at spas and leisurely dinners. Traveler's recline in a world insulated from local cultures with rest and relaxation being their focus. On the other hand, adventure travel often entails adrenalin spiked, curiosity driven activities that test personal endurance with peaceful interludes embracing nature and learning about other cultures. Adventure travel often takes participants to foreign lands, but North America's residents can visit the Four Corners Region of the United States and discover cultural and athletic adventure travel at their fingertips. They need no passport to touch a sovereign nation's rich history.
Pierre Trudeau once said, “Living next to you (the United States) is in some ways like sleeping with an elephant. No matter how friendly and even-tempered is the beast, if I can call it that, one is affected by every twitch and grunt.” This saying gives a deep understanding of what Canada’s relationship with the States was like. The U.S. is a country that has flourished throughout history and Canada was right behind. The U.S has almost 10 times more the population than Canada. So, Canada has depended on the U.S for simple things such as getting tourists from them to visit Canada. It is evident that Canada’s dependence on the U.S, was higher than America’s dependence on Canada.
Canada’s GDP per capita also fell by 3.7% within the same period. While both government expenditure and household consumption as a percentage of GDP increased (by 2% and 3% respectively), this potential positive was outweighed by a 6% decrease in foreign direct investments. The downturn in investment can mostly be attributed to a slowdown in the Canadian manufacturing sector, which is closely tied to the U.S. economy. Furthermore, imports fell from 32% to 30% of GDP and exports fell by a greater margin (from 34% to 28% of GDP), leading to an overall decrease in net exports. 75% of Canada’s exports go to the United States, specifically to major sectors of the U.S. economy including housing and business investment, both of which were badly affected by the
Tourism is an endeavour sought by an individual or a party of individuals, which leads to a movement from one place to another with the idealism of a specific task, to visit a place or several places with the primary purpose of achieving entertainment and increasing knowledge of countries, cultures, and their history. The expression ‘largest industry in the world’ is universally used with mention to tourism, ensuring its recognition as the largest generator of wealth (over 11.7% of the global gross domestic product) and employment (7% of the world’s jobs); this shows that tourism is indeed an important industry that depends on culture and legacy.(Budeanu, 2002) Vancouver is feasibly one of the most prevalent tourist destinations in Canada