AFM131 Lecture Notes - Lecture 2: Money Supply, Senthilnathan, Canadian Dairy Commission

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: David H A

Document Summary

Role of government in business: high tariffs on imports in order to protect canadian manufacturing, encourage east to west trade, railway to connect the country, mixed economy (both businesses and government influence the economy) North america: set up parallel to the canada pension plan, must operate on a sound financial basis. Air canada, hydro one: deregulation withdrawal of laws and regulations that hinder competition, government agencies and like for-profit organizations, are looking at ways to lower costs and improve efficiencies. Law and regulations: each level of government has their own unique set of responsibilities. Some could be shared: created by politicians who have been elected, political parties in power can greatly affect the business environment, power to make laws is based on the british north america act, 1867. The bna act was passed by the british parliament in 1867. It is the law that created the canadian. Confederation and it sets the legal ground rules for canada.