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Canadian Economy - Article Example

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The article "Canadian Economy" discusses some significant aspects of the Canadian economy and attempts to recognize role of the Canadian government and the Bank of Canada in running economy in a successful manner…
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Canadian Economy
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Download file to see previous pages On the other hand, some experts have argued that Canadian government and the Bank of Canada has showed ineptitude and incompetence in terms of running the Canadian economy, and since few years, they have indicated a rapid downfall in its performance, worst in comparison with majority of G7 countries (Thiessen, 1999). In specific, this paper will attempt to discuss and analyze different aspects of the Canadian economy while identifying and recognizing the role of Canadian government and the Bank of Canada in handling different aspects of the economy while evaluating the macro-economic policies of the Canadian government over the last two years (NRCC, 2009).
Wall Street, one of the most credible sources of studies related to the financial sector of global arena, has indicated that it is very imperative that governments should focus on creating economic policies that emphasize and advocate cooperation of public and private stakeholders on global level. This aspect has been very evident in the efforts of Canadian government since few years, as analysis of the information related to Canadian economy specified that its government focused on creating their plans that are relevant with global resolutions rather than individual requirements. This is one of the major factors of success of Canadian economy in the past few years, as compared with the American economy that confronted greater impact from the wave of economic recession. Another important factor identified during the research is successful banking sector that enabled the economy to keep on performing while confronting impact of the recession.
While comparing Canadian banks with American or European banks, they have played a better role in dealing with the economic global storm, and experts have noted that private sector has been very efficient in practicing effectual management policies based on dogmatic supervision of the financial sector. ...Download file to see next pagesRead More
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