Such supplies ranged from ammunition to clothes and so forth. To sustain the growing economy, the immigration policies had to be reviewed in order to increase the human capita. Canada found itself with a more open immigration policy in the decades after WW2 due to an increase economic output and need of skilled workers. The immigration policy saw many reviews due to the constant economy changes and needs. The influx of immigrants accepted had many positive effects on the Canadian economy and society but as any positive effect, there were some negative effects associated with accepting the large number of immigrants.
In 2012, China’s GDP growth rate was around 7.8 percent and had dipped below 8 percent for the first time since the start of the decade. China’s demand for foreign goods is likely to change as it makes the shift to more consumption driven economy, thereby requiring different goods as compared to investment-led economy. As seen from the above graph, While China’s demand for Non-Resource Based goods remained constant from 2000 to 2012, its demand for Resource-Based goods increased considerably in the last decade. This trend is expected to continue as China makes the economic transition. For instance, Canada’s four main emerging products could be associated to with different sections of the Chinese economy ranging from ores to manufacturing, from wood to residential construction and from vegetable oil and seeds to domestic consumer consumption.
The current economic trends of the natural resource sector are being closely followed by the governments of Canada on the federal, provincial and city levels. Natural resources are key to the Canadian economy and according to statistics Canada, energy, forestry and mining generated 11% of the Gross Domestic Product (GDP) in 2011.). As the demand for commodities increases worldwide the Canadian export sector grows which keeps the economy alive and even booming at times. The Canadian economy has been negatively affected by weak commodity prices and the drop in global trade. The federal government’s economic action plan is investing in the natural resource sector to build and secure Canada’s economic future.
The class system plays a huge role. Could it be that families across Canada are moving up a class? Persons in economic families had a poverty rate of 8% in 1988 and it dropped to 6% in 2007 (Statistics Canada, 2009, Table 202-0802). It can be seen that there is a 25% decrease in poverty for persons in economic families over time (Statistics Canada, 2009, Table 202-0802). Therefore persons in economic families are doing well compared to how they were in 1989.
Historically fishing, forestry, mining, and agriculture were dominant in BC's economy. Today times have changed. British Columbia has the 4th largest Gross Domestic Product (GDP) in Canada. 12% of the country's GDP is produced by BC. Technology and transportation developments are very important in BC's expansion.
There was an enormous increase in the birth rate, from 1947 to 1970, after the Second World War, this increased the population of countries such as Canada and the US(Canada’s Aging Population). The people born in this generation are called the baby boomer. What is interesting about baby boomer is that as they start to retire the population of seniors is expected to hit, “around 6.7 million in 2021, and around 9.2 million in 2041”( Canada’s Aging Population Pg. 9). Economists have also confirmed that these increases in the growth of the senior population will approximately account for fifty percent of Canadian population growth for the next 3 decades (Canada’s Aging Population).
Many components are needed for a process which seems so simple. Such as the transportation of goods, imports and exports of necessary materials to accomplish tasks, etc. Statistics show, that oil sands “currently effect the jobs of 12 000 Canadians, and this is expected to grow over 500 000 jobs over the next 25 years” (Canada’s Industry 2012). The oil sands provide great room for exponential growth in Canada’s economy, and international relationships with other
The Contributions Of The CBC To Canadian Identity “The Contributions Of The CBC To Canadian Identity” Many consider the Canadian Broadcasting Channel, or CBC, to be in common among several media channels, however the truth is that it that brings much more reward to Canadians than expected. Over the decades, it has helped unite Canada and Canadians. The CBC has been very beneficial to the regions of Canada and what it is known for on a national and international level. Established in 1936, the CBC has contributed to Canada in many ways throughout the years. The CBC has made a very impactful footprint on a national level in Canada.
According to the Literacy, Numeracy and Labor Market Outcomes in Canada (Numeracy and Labor, 4), each additional year of education one receives means a 8.3 percent augment of his wage paycheque. The IALSS also concludes that those Canadian adults with low literacy are twice as likely to be unemployed. Furthermore, the Literacy scores, human capital and growth across 14 OECD countries (Literacy scores, 4) indicates that “A rise of one percent in literacy scores relative to the international average is associated with an eventual 2.5-per cent relative rise in labor productivity and a 1.5-per cent rise in Gross Domestic Product (GDP) per
The TTC provides millions of people each day with transportation to jobs, which generate income for not only themselves but also the government. By doing this it also eliminates the amount of drivers that are on the road, which significantly reduces the amount of pollution we emit. It also provides a cost effective way of transporting the elderly and disabled, students and people from low-income jobs. The TTC is a vital service to Toronto. A lack of TTC would cause businesses and the government millions of dollars in lost revenue[1].