Canadel Furniture Company

Canadas Economy in 1996 To investigate the state of the Canadian rescue, it is precise useful to track Canadas six major economic goals: economic proceeds, economic stability, economic efficiency, economic equity, viable vestibular sense of payments, and low unemployment. At a given time, Canada is achieving some of these goals while falling behind on some of the others. When taken all into consideration, these goals give an indication of how wholesome Canada has been doing and the stage of the business cycle the Canadian economy is in. In 1996-1997, Canada is in elegant ceding back and is only meeting the goals of economic stability, and viable balance of payments. Canada can be said to be in a period of slight recession because there is a downswing in economic activity. To confirm a full-strength recovery, an economy must show no maturation for two consecutive quarters. However, Canada is non in a true recession because there was a 3.0% growth in the third quarter, compared to 2.2% in the second quarter. Eventhough it is not true recession, the slow growth is a sure sign of a slight one. Low inflation is overly 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 bully 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 defecate towards the goal of economic growth. Economic growth is the percentage replace of GDP over a period of time and is also known as the growth rate. In 1996, Canadas GDP has been increase slowly since the first quarter. The GDP in the first quarter was 1.8%, hence increased to 2.2% in the second quarter, and in the third quarter it come up to 3.0%. In this way, Canada has been experiencing steady growth....

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