Macro Economics Essay

THE CANADIAN ECONOMY IntroductionCanada is one of the richest nations of the world , with nearly triplet fourths of the population engaged in the service industry and bestow to much than two thirds of the Gross Domestic Product (GDP . by and by growing 0 .1 in January , 2007 the Canadian sparing change magnitude 0 .4 in February as energy work returned to a more normal level . Excluding oil and gas line and utilities , economic activity grew 0 .2 . Both goods and services production rose . Wholesale trade , manufacturing and financial services affix gains . However , these gains were partly offset by declines in building , retail trade , rail transportation and the accommodation and nutrient services sector HYPERLINK hypertext transfer protocol /www .statcan .ca /start .html hypertext transfer protocol /www .statcan .ca /start .html . The Canadian economy has been doing well , patronage the slowdowns seen in the rest of the developed world With low liaison pass judgments , high employment levels and a strong formulation sector , the economy 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 growth . 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 economy is now increasingly integ wanderd with the US economy However the slowdown in the US economy has not resulted in any large fallout in Canada because of the strong fundamentals the economy is based onEmployment jumped by an estimated 55 ,000 in March , 2007 continuing the upward trend that began in September 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 kept at the 6 mark , the alternate rate at a st fitted 1 .13 to a US dollar and a foreign exchange reserve of nearly 33 billion 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 most important reason for Canada s monetary policy aimed at keeping the Canadian dollar a shove offing capital (IMF , 2006 A free float enables a currency to absorb shock . And countries that are so clearly exposed to external 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 bank closely monitored the exchange rate However this changed after September 1998 , when the Canadian exchange rate regime because a true floating...If you want to get a full essay, order it on our website: Ordercustompaper.com

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