Browse "Economy"

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Article

Economic History of Western Canada

Manitoba, Saskatchewan, Alberta and British Columbia constitute Western Canada, a region that accounts for 35 per cent of the Canada’s gross domestic product (GDP). The economic history of the region begins with the hunting, farming and trading societies of the Indigenous peoples. Following the arrival of Europeans in the 18th century, the economy has undergone a series of seismic shifts, marked by the transcontinental fur trade, then rapid urbanization, industrialization and technological change.
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Article

Economic Nationalism

Economic nationalism, in Canada, is a movement aimed at achieving greater control by Canadians of their own economy. In recent years it arose in response to the high degree of foreign (especially American) control of the Canadian economy.
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Article

Economic Regulation

Economic regulation, a form of government intervention designed to influence the behaviour of firms and individuals in the private sector.
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Article

Economics

Economics involves the study of 3 interrelated issues: the allocation of resources used for the satisfaction of human wants; the income distribution among individuals and groups; and the determination of the level of national output and employment. Economists investigate these issues either from the perspective of microeconomics, an analysis of the behaviour of the individual units in the national economy, including business firms, workers and consumers; or from the perspective of macroeconomics, the study of the larger aggregates in the economy, such as total investment and consumption, the average levels of interest rates and price indexes, and total employment and unemployment.
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Collection

Economics in Canada

Economics is a discipline that studies the production, distribution and consumption of goods and services. Economists study these issues from the perspective of macroeconomics or microeconomics. This collection brings together articles related to the history and study of economics in Canada.
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Article

Economy

Most modern economists think of ECONOMICS as the study of choice, so that, strictly, an "economy" consists of human beings - in this case Canadians - making choices, which obviously includes just about all of Canadian experience.
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Article

Employment Insurance

Employment Insurance (formerly Unemployment Insurance) is a government program that provides temporary benefit payments during a period of unemployment. The Employment Insurance (EI) program also provides illness, parental and caregiving benefits for persons who are away from work due to health and family-related reasons. EI is financed by premiums paid by employers and employees. The program is overseen by the Canada Employment Insurance Commission (CEIC). In July 2021, approximately 1.5 million Canadians received EI benefits.
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Macleans

Employment Rises

John Jacobsen has been through a lot of boom and bust cycles over the past 30 years, but he's never seen anything quite like this. As vice-president in charge of operations for Calgary contractor Precision Drilling Corp.This article was originally published in Maclean's Magazine on March 20, 2000
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Article

Equalization Payments

Equalization payments are payments that the federal government makes to the poorer provinces. The monies come from Ottawa's general revenues and are unconditional transfers that can be spent as the recipient provinces please (see also TRANSFER PAYMENT).
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Article

Errol Bouchette

Robert-Errol Bouchette, MSRC, lawyer, journalist, Quebec civil servant and intellectual (born 2 June 1863 in Quebec City, QC; died 13 August 1912 in Ottawa, ON). He is best known for two works: a 1901 essay entitled Emparons-nous de l’industrie (Let’s Take Over the Industry), the title of which already foreshadows the topic, and a 1903 novel, Robert Lozé, which sets his ideas in fiction. Through his ideas, he sought to ensure the economic independence of French Canada.
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Article

Exchange Rates

The dollar became the official monetary unit of the Province of Canada on 1 January 1858 and the official currency of Canada after Confederation.
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Article

Exports from Canada

Exports are goods or services that residents of one country sell to residents of another country. Since its earliest days, Canada’s economic prosperity has relied on exports to larger markets; first through its colonial ties to Britain and later due to its geographic proximity to the United States. Billions of dollars of goods and services cross Canada’s border each year. (See International Trade.) Exports make up about a third of Canada’s gross domestic product (GDP). In 2019, Canadians exported $729 billion worth of goods and services. Almost 75 per cent of Canada’s total exports go to the United States. (See Canada-US Economic Relations.) Other major markets include the European Union, China and Japan.
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Article

Financial Bubbles in Canada

In economics, a bubble refers to a rapid rise in asset prices, to the point that they become disconnected from the fundamental value of the underlying asset. A change in investor behaviour is the most common cause of a bubble. When many investors rush to invest in a new technology or take advantage of low interest rates, for example, the increased demand for the asset can raise the price far above its real worth.
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Article

Financial Services in Canada

Financial services, as the name implies, are finance-related services that businesses provide to clients. In a Canadian context, the best example relates to the country’s large banks. The World Economic Forum ranked Canada’s large banks as the safest on the planet following the 2008 financial crisis.
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Article

Fiscal Policy

Fiscal policy is the use of government taxing and spending powers to manage the behaviour of the economy. Most fiscal policy is a balancing act between taxes, which tend to reduce economic activity, and spending, which tends to increase it — although there is debate among economists about the effectiveness of fiscal measures.
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