AFM131 Chapter Notes - Chapter 4: Canadian Dairy Commission, Canadian National Railway, Canada Pension Plan

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: Robert Sproule

Document Summary

Crown corporations, laws and regulations, taxation and financial policies, government expenditures, purchasing policies, and services. Canadian economic system is mixed; has some allocation of resources made by the market and others by the government. Federal canadian government was given the power to regulate trade and commerce in 1867. Western provinces joining confederation meant special efforts to unify canada. Small population with a large population with no railway meant trading patterns in a north/south configuration. Us developed faster with a larger population and economy which provided products either not made in. 2 issues set the tone for continuing + substantial involvement in developing canadian economy: Canada developed national policy to place high tariffs on imports from usa to protect cad manufacturing with higher costs. Consideration for a rail line to the west coast. A crown corporation is a company that is owned by the federal or provincial government. Provide services that are not provided by businesses. (e. g: air canada)