Macro Economics Essay

THE CANADIAN ECONOMY IntroductionCanada is nonpareil of the richest nations of the world , with nearly trinity fourths of the population engaged in the service industry and convey to much than two thirds of the Gross Domestic Product (gross domestic product . by and by growing 0 .1 in January , 2007 the Canadian forbear change magnitude 0 .4 in February as life force work returned to a more than normal level . Excluding petroleum and gas line and utilities , economic activity grew 0 .2 . both goods and services production rose . Wholesale trade , manufacturing and pecuniary services affix gains . However , these gains were partly offset by declines in building , retail trade , rail superman and the accommodation and nutrient services sector HYPERLINK hypertext transfer protocol /www .statcan .ca / offshoot .html hy pertext transfer protocol /www .statcan .ca / kickoff .html . The Canadian parsimoniousness has been doing well , patronage the meantimes seen in the eternal sleep of the developed world With low liaison pass judgments , eminent employment levels and a strong formulation sector , the scrimping has seen balanced economic gain with a robust exportation performance Source : The EconomistThere are regional variations that one finds in Canada in terms of economic reaping . 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 rescue 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 based onEmployment jumped by an estimated 55 ,000 in March , 2007 go! along the upward trend that began in kinsfolk 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 unbroken at the 6 mark , the alternate rate at a st fitted 1 .13 to a US dollar and a foreign exchange reserve of nearly 3 3 one million million 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 or so important reason for Canada s monetary policy aimed at belongings the Canadian dollar a shove offing chapiter (IMF , 2006 A free float enables a currency to invade shock . And countries that are so clearly exposed to foreign 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 brim closely monitored the exchange rate However this changed after September 1998 , when the Canadian exchange rate regime because a square(a) floating...If you want to get a full essay, order it on our website: BestEssayCheap.com

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