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Essay

Canada's Economy In 1996

Essay specific features

 

Issue:

Business

 

Written by:

Cynthia B

 

Date added:

February 11, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1388

 

Was viewed:

6742 times

 

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Essay content:

When taken all into consideration, these goals give an indication of how well Canada has been doing and the stage of the business cycle the Canadian economy is in. In 1996-1997, Canada is in slight recession 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...
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To confirm a true recovery, "an economy must show no growth for two consecutive quarters." However, Canada is not 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...
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