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Your assignment is to prepare and submit a paper on canadian economy from 2007 till 2009.
Your assignment is to prepare and submit a paper on canadian economy from 2007 till 2009. Among the countries who had suffered greatly by this declining arc, Canada along with many other developed countries of the world top the list (Thiessen, 1999). Experts have analyzed that Canada has endured inauspicious consequences of economical receding. Nevertheless, Canadian Governments and the policymakers faced the challenges imposed by economical recession very effectively, and hence the Canadian economy is still moving at the swifter and stable pace.
Although the Canadian government has met greater encouragement on coping up with the recession, it has received notes of criticism as well. The criticism involves the fact that during the period of coping with economical challenges and after that, the Bank of Canada never played any outstanding role to get the country running as swift as before. By making a comparison between the functioning performance of Canada and other G-7 countries, one may notice the decline in Canada’s performance. Now it has become very crucial that the Canadian government along with the Bank of Canada provide some concrete base to prevent the decline in Canada’s performance graph.
This paper deals with the description of the Canadian Economy. it makes recognition and analysis of the role of the Canadian government in collaboration with the Bank of Canada in order to prevent the economy from any downfall. Moreover, the paper throws light on certain economical revolutions faced by the economy, resulted in the efforts of two authorities and prime forces in the country. In addition to it, it cross-checks various economical policies and development strategies made by the Canadian government for the last two years.
After the devastating effect of the arc of globalization and the economical receding, economists of the country propose that the government and the banks should bring some new policies in order to counter the slurp in the global economical .growth, in addition to the present policy of constraining the development to regional sectors only.
