AFM131 Chapter Notes - Chapter 4: Subprime Mortgage Crisis, Money Supply, Unemployment Benefits

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

Document Summary

6 categories: crown corporations, laws and regulations, taxation and financial policies, government expenditure, purchasing policies, services. National policy developed by john a. macdonald high tariffs on imports to protect canadian manufacturing. Crown corporations companies owned by the federal or provincial governments. Privatization the process of selling publicly owned corporations. (governments selling crown corporations) ex. Deregulation government withdraws certain laws and regulations that seem to hinder competition. Canada decided to sell ontario lotter and gaming, lcbo (liquor control board of. O(cid:374)tario) i(cid:374) order to de(cid:272)rease the pro(cid:448)i(cid:374)(cid:272)e"s defi(cid:272)its. Crown corporations are companies owned by the federal and provincial government. Privatization is when the government sells publicly owned corporations (crown corporations). The power to make laws is based on the bna act (british north america act). It was passed by the british parliament in 1867. It is the law that created the canadian confederation and sets the ground rules for canada.