MGM101H5 Lecture Notes - Lecture 6: Canadian Dollar, Natural Disaster, Market Impact
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MGM101H5 Full Course Notes
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Falling exports signal a slowing canadian economy: the money we make off of export sales brings more money into canada. Measure by gdp: economy slowing down = economic activity decreasing, exports are declining as a value. Less units or lower prices: either we sell our goods to those inside canada or those outside canada, businesses must realize this change, different businesses will be affected by this change, causes. Some businesses will bene t, some will suffer: price of crude oil dropped. Demand for oil is inelastic in short term. Cant stop buying oil when price increases. It didn"t change the demand for oil, therefore a lower value and lower economic activity: inventory was building up, increase in supply, need to be aware of the changing conditions between canada and the united. Might wanna cut production level: laying off employees, cut down on production. Canada tops g7 in latest imf estimate for 2017 economic growth, no.
