scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 278
I believe the Canadian Economy will continue to grow steadily over the next year even with a new government now in place The main two factors being the housing and resource market True the housing market will probably not continue to grow as it has over the past 2-3 years where most home-owners have realized massive gains The Bank of Canada has already said they will be most likely raising rates slightly in order to keep inflation down Historically this causes the housing market to cool as the demand for leveraged money falls This being said it is projected the housing market will grow another 10 for 2006 This in turn creates wide-spread consumer spending on everything from building labor to furniture for your new place The resource market should continue to expand as it shows little to no signs of slowing and many corporations continue to pour money into them especially Alberta The only downside thus far is that it may be expanding too rapidly and places like Fort McMurray have grown too quickly and consumer demand has got so high so fast that the population is having a hard time catching up Outside of these two markets financial corporations and technology have continued to grow nicely and have helped pull the overall economy along A major downside in the economy as we sit now is our dollar this is simply because exports go down as our dollar gains strength and with Canada especially BC being a huge export country this has a negative effect Overall I would say we can expect a steady growth this year David Dodge Bank of Canada Governor projected it to be 31 just yesterday
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA