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Canada's Economy In 1996
Beginning of Paper
To investigate the state of the Canadian economy, it is very useful to
track Canada's six major economic goals: economic growth, economic stability,
economic efficiency, economic equity, viable balance of payments, and low
unemployment. At a given time, Canada is achieving some of t .... Middle of Paper .... slow
growth is a sure sign of a slight one. Low inflation is also is also prevalent
and is symptomatic of a weak economy. A low inflation rate of 1.4% in November
1996 does not provide much of an indication for economic growth and expansion.
A shrinking positive balance of payments indicates these are tough economic
times. A fourth indication of a slight recession is the high unemployment rate.
An unemployment rate of 10.0% in November 1996 is definitely not a sign of
strong economic recovery.
Canada is always trying to work towards ....
1352 words | 5 pages
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