MGM101H5 Lecture Notes - Lecture 5: Canadian Dollar, Natural Disaster, Devaluation

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Dave Swanston

Document Summary

Export= sending domestic goods to foreign countries. Impact of export can be severe due to countries" economic status. The increase in export decreases gdp. (it impacts gdp). Why is it slowing canadian economy: more money goes out than goes in. Trade deficit more import: canadian dollar exchange rate depreciated (lower). Higher canadian dollar = more expensive goods for other countries = makes. Canadian good less desirable: natural disaster in other foreign country. People would not buy anything other than necessities during this time: falling oil prices. If we sell oil, and price goes down, out exports value would go down. How important is this fall: it is a million-dollar problem, so . Canada tops g7 in latest imf estimate for 2017 economy growth, no. Growing economy in other country (especially us) is still good for canada: people would buy more, more exports. What are the biggest industries that affect canadian economy the most: oil.