MGTA01H3 Lecture Notes - Lecture 9: Loonie, Canadian Dollar, French Wine
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MGTA01H3 Full Course Notes
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On exam: a lot on balance of trade. Canada"s balance of trade positive i. e. : we exported more than we imported. In 2008, that changed why?-> because of recession, and they are our biggest buyers. Canada was kicked in the manufacturing setting. Oshawa, oakville: you"d know that we make a lot of car parts. Too much of our exports just go to one customer. The us represents virtually 3 quarters of all of our exports. We are very heavily dependent upon just one customer. Us economy has been weak for the last 5 years, so that"s not good for the canadian economy. The reason we are an open economy, is because we think it"s the best to get the best stuff from people all over the world. We like the idea of getting german sportscars, The problem is, they get all our money and they get the jobs. From a business (employer) point of view, it"s far better that we.
