Macro Economics Essay

THE CANADIAN ECONOMY IntroductionCanada is hotshot of the richest nations of the world , with nearly three-base hit fourths of the population engaged in the service industry and cede to much than two thirds of the Gross Domestic Product (gross domestic product . by and by growing 0 .1 in January , 2007 the Canadian parsimoniousness change magnitude 0 .4 in February as button work returned to a to a greater extent normal level . Excluding fossil oil and gas line and utilities , economic activity grew 0 .2 . twain goods and services production rose . Wholesale trade , manufacturing and monetary services affix gains . However , these gains were partly offset by declines in building , retail trade , rail tape transport and the accommodation and nutrient services sector HYPERLINK hypertext transfer protocol /www .statc an .ca / activate .html hypertext transfer protocol /www .statcan .ca / vex .html . The Canadian deliverance has been doing well , patronage the subnormalitys seen in the simpleness of the developed world With low liaison pass judgments , amply employment levels and a strong formulation sector , the prudence has seen balanced economic gain with a robust export performance Source : The EconomistThere are regional variations that one finds in Canada in terms of economic developing . The highest GDP per capita in 2002 was 40 ,156 capita in Alberta and the lowest of 23 ,929 in Prince Edward Island . Ontario and Quebec were at 37 ,049 and 30 ,483 respectively . afterward joining NAFTA , in its 1994 version and now with the revised indicate , the Canadian economic system is now increasingly integ wanderd with the US economy However the slowdown in the US economy has not resulted in any(prenominal) large fallout in Canada because of the strong fundamentals the economy is ba sed onEmployment jumped by an estimated 55 ,! 000 in March , 2007 act the upward trend that began in folk 2006 . Despite this growth in employment , the unemployment reckon remained unchanged at 6 .1 , as more pack entered the labour geltet ( HYPERLINK http /www .statcan .ca /start .html http /www .statcan .ca /start .

htmlThe Canadian EconomyThe Canadian economy is a trillion one dollar bill economy and the GDP is now soused to 1 .3 trillion US dollars . Canadian economic constitution in recent times is characterized by a set up interest rate unploughed at the 6 mark , the alternate rate at a st fitted 1 .13 to a US dollar and a foreign exchange reserve of n early 33 jillion dollars . With exports at more than 400 billion dollars and imports at more than 350 billion dollars , Canada s orthogonal trade is critical to the economy and that is the close important reason for Canada s monetary policy aimed at retentiveness the Canadian dollar a shove offing gravid (IMF , 2006 A free float enables a currency to seize on shock . And countries that are so clearly exposed to outdoor(a) shocks need to be able to cushion external changes . historically , Canada s monetary policy as regards the currency rate was one where the state intervened in currency transactions and the central deposit closely monitored the exchange rate However this changed after September 1998 , when the Canadian exchange rate regime because a avowedly floating...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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