These two regions offer unique opportunities for more innovative and creative forms of economic development. North-eastern Ontario has a larger population than the North-western Ontario since it’s closely tied to mining. Whereas, North-western Ontario is closely tied to forestry therefore experiencing a lesser population. The economy in the North-western Ontario faced a downturn during the forest sector crisis with the region outside of Thunder Bay bearing the brunt of the employment and population adjustment. The North-eastern has been sustained by its mining sector , however there is a redistribution of population towards the five largest urban centres including Greater Sudbury, Thunder Bay, Sault Ste. Marie , North Bay (53,966),
The reason that Canada’s future looks bleak is because of the rate that Canada is using up our natural resources at. For example, Oil is an essential resource in our current era, something Canada happens to have plenty of. But for how long? Ever since pipelines such as the Mackenzie Valley Pipeline were first being built, they have only increased in number. Canada has several pipelines sending oil directly to the United States. While many other countries choose to reserve their resources for themselves, Canada has been exporting them at an alarming rate. A natural resource crisis is something that may very well be in our future, as the world continues to consume more and more resources than ever before. It will be a significant problem in our future because until now the U.S. has always felt entitled to our resource, and by the time we finally realize that saving a portion of resources
Konrad Yakabuski’s stance on the issue was made clear from the title, “Why Canada needs to develop the oil sands”. The author’s decision to add the word “why” indicates that there will be several pieces of evidence to back up the author’s argument. These pieces of evidence included: How vital the oil sands are to Alberta’s economy, it provides employment, and how the oil sands are a great opportunity for Canada to grow economically. When talking about the province’s economy in relation to the oil sands the author writes, “Oil sands royalties are critical to Alberta’s fiscal health. And Ottawa relies on oil-related tax revenue from Alberta to fund federal programs.” 2 The author also talks about how it is “a source of valuable foreign investment that
Canada currently has a highly developed economy in which the different regions contribute to it in different ways. However, if the regions were to separate, their economies may be difficult to develop and sustain. For example in Atlantic Canada, their distinct region is located beside the Atlantic Ocean, which makes their economy heavily reliant on the fishery
2 Historically, Canadians have had a much larger government per capita, however, currently Canada only spends 1.5% more as a % of GDP than the U.S. However, the U.S. spends more on research and development, social security, health care, education, and the military. 5 Canada is a resource rich country.
The oil crash in Alberta has caused severe issues not only in the economy of Canada, but also in the livelihood of Albertans. Oil from the Middle East( Saudi Arabia and Iran) had flooded the oil market with large supplies of oil. Due to the principle
There is a real separation between the outstanding material resource created by the Canadian economy and the increasing monetary weakness of Canadians. we must always create conclusive move to build a certifiable economy that benefits all Canadians over the long-term.
Historian Harold Innis developed the staples theory which postulated that Canada’s economic development was reliant on the succession of resource exports rather than manufacturing. Furthermore, this doctrine illustrated notions of dependence in Canada combined with interregional exploitation between inner and outer Canada. The staples theory asserted that a relationship between a “metropolis” and “hinterland” existed in Canada and reflected the power dynamics of Canadian economic and political society. The metropolis has the manufacturing sector and does well if it is competitive to other metropolises and subsequently then has manufacturing jobs. On the other hand, the hinterland is a rural and resource rich area that does exceedingly well economically if it has the relevant resource and consequently grows in political strength. Toronto-Ottawa-Montreal triangle obviously constitutes the metropolises of Canada with the largest concentration of corporate head offices in the Toronto area combined with a substantial manufacturing nucleus in the Greater Toronto Region. Nonetheless, if looking specifically at certain regions such as Alberta using the core-periphery analysis or staples theory, one would likely deem Calgary and to a lesser extent Edmonton as the core/metropolis of the region with areas like Fort McMurray and Leduc being the periphery/hinterland.
“Luckily, we got into a position by 2008 that we could deal with recession. We’ve done a lot of smart things. Can we do things better? Sure. But when you compare things to where they were 20 years ago, I think we should be proud-and not afraid of saying ‘look, people can learn some things from us.’” Almost every Canadian is proud of what Canada has been capable of doing over the past 20 years. Some reason that Canada is the best place in the world is opportunity, connection with nature, education and equality. Canada offers brilliant career opportunities for parents and for students who have graduated from high school or university. Canadians have a very strong bond between them and the nature in Canada because they consider nature as a human
It talks about the what the oil sands are, how they contribute globally, extraction methods, environmental impact, and emerging technologies among other things. The article considers both the environmental impacts and economic benefits of the oil sands and stays objective and free from bias. The article appears to be an update to the “ Alberta’s Oil Sands. Opportunity. Balance.” document as it has much of the same wording. It is much more recent than that article being last revised in February 2013. There is not much to be said about the author as there is no particular person listed, just the Government of Canada. Our government is reliable and rarely uses bad sources or misinformation. This article is an all around great resource to
Canada’s large physical size benefits Canada in many ways such as agriculture, expansion, and large amounts of natural resources. Firstly, Canada has large amounts of agricultural land that not only generates money for the country but also provides jobs to many Canadian citizens.A large amount
Canada Introduction: Canada was a land of vast distances and rich natural resources, and became a hegemonic authority in 1867, while maintaining relations with the British Crown. Economically and technically, the nation has developed parallel to the United States, its neighbor to the south across the longest international border in the world. Canada faces the political challenges of meeting public demands for quality improvement in health care, education, social services and economic competitiveness. Canada also aims to develop its diverse energy resources while maintaining its commitment to the environment. (1)
2. Financial Condition Analysis: Province of British Columbia This is an analysis of the Province of British Columbia 's financial condition. To determine the province 's financial condition it is important to consider trends and indicators that influence B.C. Trends that have the ability to affect B.C 's financial condition include trends in population and revenue. Furthermore, one must also consider the indicators that can impact the financial condition which include: sustainability, flexibility and vulnerability indicators. Overall, by investigating B.C 's financial relationship with these trends and indicators, this analysis will be able to provide a foundation for understanding the financial condition of the province of British
PLAN: • Science and Technology • Service Sector • Maximum potential of Halifax and the second tier cities for faster growth • Important of human capital • Education system • Human capital skills and training • Trade Promotion to a new market ECONOMIC GROWTH AND PRODUCTIVITY IN NOVA SCOTIA This is an analysis of the past, present and future economic growth of the province of Nova Scotia. It is an analysis to help change the current state of the economy and how what steps the government should take to ensure that the productivity growth of the economy moves faster and grows in the long term. Due to the current recession experienced in the global economy, trade, monetary value etc have been affected and governments have taken the necessary steps to reduce the unemployment rate, improve the productivity growth, maximize human capital etc.