The Toronto Star Case Study

Improved Essays
“Canada’s surprising growth forces forecasters to change economic outlooks”
The Toronto Star By Andy Blatchford, The Canadian Press

“Several analysts are now predicting the Bank of Canada to hike its trend setting rate Wednesday, instead of later this fall as most had expected.”
The change on the outlook now has people questioning Justin Trudeau’s government’s multimillion dollar plan “to boost infrastructure spending for the next coming years risks overheating the already-sizzling economy”. The growth numbers were at a pace of 4.5%. The growth rate jolted 3.7% growth over the first three months of the 2017 year because of consumer spending.
The growth in rate is measured by the gross domestic product. The economy had seen the average annual

Related Documents

  • Decent Essays

    Case Study Henry Inc.

    • 463 Words
    • 2 Pages

    Consumer spending is up, the housing market is increasing, and the demand for oil and energy is high. In addition, Canada is part of the NAFTA and the country is the number one provider of exports…

    • 463 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    1. Introductions • We are sad to say goodbye to our current Market Committee chair, Patricia Lightburn. Congratulations on the new position and good luck at David Suzuki! 2.…

    • 301 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Nt1310 Unit 2 Assignment

    • 876 Words
    • 4 Pages

    In the letter it the real GDP in 2015 was predicted to be at only 2.6% growth but if we look at the actual number for real GDP growth it was at 3.9%. With this being said GDP is still expected to grow into the 2016 year. This can be seen true with production outputs rising from a low of -1.5% at the start of 2015 to the 3.3% now. The one thing that could hinder the growth of GDP could be the growing strength of the US dollar in foreign countries.…

    • 876 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    If more labour and investment is required to extract resources, an equal amount, or more, is required to meet Canada's increasingly urgent infrastructure needs. Nevertheless, oil and gas extraction accounted for two-thirds of Canada’s capital spending growth and later made up more than one-quarter of the country’s capital spending. Although lowering tariffs, and allowing free-trade can promote international trade and expand towards foreign markets, the trades of goods has been shrinking. With advancements in recent technology, people aren’t able to predict the future of global economic…

    • 898 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Justin Trudeau is currently the 23rd Prime Minister of Canada, and the leader of the Liberal Party. Some of the laws created by Justin Trudeau that I feel have made a positive impact on 2017 includes providing money to Canadian Refugees, putting a stop to Canadian airstrikes on ISIS, and allowing government scientists to speak openly about their ideas. Recently, Justin Trudeau decided to provide money to Canadian Refugees, $100 million to be exact. I believe that this is very important to 2017 since many Refugees have started to move to Canada.…

    • 380 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    The role of the government is greatly important as it has a huge impact in changing the life of the citizens in the country. However, to make a change in the country, the government must take a step forward to truly attempt to do so. Pierre Elliot Trudeau has helped to construct Canada of today to be the way it is by taking that step, by which many Prime Ministers were afraid to take. He has allowed the fixated perspective of others to gradually change. Thus, Pierre Trudeau’s policies demonstrates to be beneficial for Canada.…

    • 1287 Words
    • 6 Pages
    Improved Essays
  • Great Essays

    Justin Trudeau and the Liberal party’s newly instated victory and introduction into the government sector has a substantial impact on the Canadian population. Trudeau has introduced many indispensable policies that will alter the structure of the country that subsequently ostracizes young people, to be more inclusive and comprehensive. Trudeau is adapting what was formally an antiquated government regime and revitalizing opportunities for young people with an emphasis on social justice. Three of the many policies put in action by Trudeau that encompass this are, new occupational opportunities for young people, more affordable and accessible post-secondary education, gender equity, attention to First Nations needs while also investigating the…

    • 1389 Words
    • 6 Pages
    Great Essays
  • Great Essays

    Canadian Political Party

    • 1257 Words
    • 6 Pages

    An Open Letter to the Federal Party Leaders of Canada: Stephen Harper, Justin Trudeau, and Tom Mulcair Canada’s relationship with other countries of the world has changed drastically over the past few years on a variety of fronts. However, this election, I am looking at the plans for addressing issues at the municipal issues, as I believe that in order to rebuild strong relationships with the rest of the world, Canada must first look within itself and rectify the problems that are evident here. Thus, the strongest political platform will be one that really looks at Canadians as individuals, who need their government’s help and support, and who are treated as valuable human beings who are worthy of a strong, fair, and just government. As…

    • 1257 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Great Depression In Canada

    • 1450 Words
    • 6 Pages

    Canada, among other countries was hit the hardest by the Great Depression and suffered substantial losses. Their government failed to provide adequate means of support in time, trade dropped significantly, and the employment rates and the economy were at an all-time low; causing a large number of actions to be taken by citizens to stand up for what they believed they needed. The Great Depression began on October 29, 1929 and would last for 10 years until the Second World War. Canada was faced now with an economic crisis that affected everyone 's lives from rich to poor.…

    • 1450 Words
    • 6 Pages
    Improved Essays
  • Superior Essays

    Hannah Overly Professor Hale April 22, 2016 Final Paper A Look into the Principles of Macroeconomics: Project Paper Q: What is the gross domestic product? A: Gross domestic product (GDP) is the total market value of all final goods and services produced within an economy in a given year. This is also commonly referred to as total output (O 'Sullivan, 100).…

    • 1417 Words
    • 6 Pages
    Superior Essays
  • Decent Essays

    The current national budget for Canada, the report from the Department of finance Canada shows that Total Revenue 287.7 Billion Total Expenditures 317.1 Billion Deficit 29.4 billion The meaning of a budget deficit, Amadeo explained that “A budget deficit is when spending exceeds income. The term usually applies to governments, although individuals, companies, and other organizations can run deficits” (2016, para.1). The types programs that I think the government of Canada should do when it faces a deficit budget.…

    • 232 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    The Liberal Party

    • 761 Words
    • 4 Pages

    Canada has always wanted achieve a mutual goal; freedom, opportunities and a crime-free country. This goal is not fiction, but just takes a bit to realize how to achieve it. After the advanced polling, the two major parties running against each other are the Conservative party and the Liberal. The Globe’s election forecast has estimated that if the election happened today, the NDP had a 0% chance of achieving the most seats, where the conservatives have a 22% chance, and Liberals are the favorites with 79%.…

    • 761 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Jobs and Unemployment -Canada is nowhere near one of the top countries in the World and it has much to do with the high unemployment rate since it is undeniable that high unemployment rate crates poverty and starvation. -Unemployment Rate in Canada increased to 7 percent in in July of 2015 in which is higher than UK by 1.5 percent, our neighbor US by 2 percent, Switzerland by 4 percent and even the developing countries such as China and India by 3 percent! -There is a strong need to make more job vacancies, such that it not only helps with the economy by utilizing our vast immigrant force efficiently, but also guides the citizens to pursuit happiness by improving their living quality to a new state and helping the society to reach economic…

    • 215 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    It was the large-scale industrialization and urban expansion that changed the United States dramatically during the last quarter of the 19th century. Since then, buildings, highways, water and sewage systems have expanded beyond cities to the rest of the nation. However, the United States’ current infrastructure is aging, insufficient and hazardous. Infrastructure is a vital national asset that promotes economic growth. The decision to invest in U.S. infrastructure has never been more clear, making it all the more important to consider infrastructure’s importance to long-lasting growth its ability to expand economic opportunities.…

    • 903 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    There are a variety of ways in which different economies can be compared, including GDP comparisons, quality of life, structure of economy and government roles. Australia and Bangladesh have similar economic structures, both being mixed economies. The differences of these two nations are quite large, with great variations in Gross Domestic Products and Human Development Indices. Economic Growth Rate is a quantitative measure of an economy’s increase in Gross Domestic Product (GDP) over time. Bangladesh’s real GDP growth rate was 5.8% in 2013, much higher than Australia’s growth rate of 2.5% in 2013.…

    • 1098 Words
    • 5 Pages
    Improved Essays