This website uses cookies to ensure you have the best experience. Learn more

Canada's Economic Action Plan Essay

1030 words - 5 pages

In 2008 Canada faced an economic downturn, which resulted in a recession. Canadians had been enjoying a lucrative economy in the year’s previous and certain business sectors were thriving. In late 2007 cracks in the economy started to appear and, soon after, the recession had hit the country full bore. During this devastating time, the Canadian government developed an Economic Action Plan to counter the effects of the recession. This action plan had first been started in 2006, but was implemented during 2008 to spark the lagging economy. This was done by increasing government spending throughout the country and, specifically, in places in Canada that were suffering the most. There are many ...view middle of the document...

Through the Economic Action Plan, the Canadian government has been able to lower taxes and tariffs, doing away with irrelevant regulatory burdens and they are assisting new businesses to integrate into communities. This portion of the action plan is also implementing several different methods in order to accomplish this task. Examples of some of the methods are:
• Providing tax relief
• Extending the Hiring Credit for Small Business for an additional year
• Providing $92 million to the forestry sector

The next step in the Economic Action Plan is Creating a New Building Canada Plan, which primarily focuses on building an efficient public infrastructure in every community throughout the country. This would involve the building of things such as roads, bridges, subways, highways and commuter rails. By building a community’s infrastructure it can improve the economy by providing jobs. Employees will be needed for the new infrastructures being built and these employees can be found within the community. This helps the economy in two ways; it keeps the unemployment rate down and it allows people to contribute to the local economy more than they could if they were suffering from unemployment.

The fourth step in the Economic Action Plan for 2013 is Investing in World-Class Research and Innovation. The Canadian government has recognized that in order to have continued country-wide success, Canada must create and sustain high-paying, high-value jobs for its citizens. Due to the concept of the ‘global economy’, Canada is under more pressure than ever to ensure that the country has highly educated, skilled, and motivated individuals that will help keep businesses innovative and will secure new markets. In order to ensure that Canada will be able to do this they are going to contribute $225 million to support advanced research infrastructure, they will be providing $18 million to the Canadian Youth Business Foundation, and will also contribute an additional $37 million to the granting councils in support of research partnership, which will help create and distribute new technologies, products, and services to the marketplace.

The fifth concept for the Economic Action Plan is Supporting Families and Communities. This portion of the plan focuses on...

Other assignments on Canada's Economic Action Plan

Wicked Walton's Essay

1610 words - 7 pages it’s all about beating out the competition, Wal-Mart's primary competition includes department stores Kmart, Target, ShopKo and Meijer, Canada's Zellers, Hart the Real Canadian Superstore and Giant Tiger, and Mexico's Commercial Mexicana and Soriana. Competitors of Wal-Mart's Sam's Club division are Costco, and the smaller BJ's Wholesale Club chain operating mainly in the eastern United States of America. Wal-Mart's move into the grocery business

Alf Money And The Prices In The Long Run And Open Economies

3179 words - 13 pages 2.4.1 Economic Forecast 6 2.5 Changes in Real Interest Rates 7 2.5.1 Economic Forecast 7 3.0 How Government Policies Can Influence Economic Growth 8 4.0 Influence of Monetary Policy 8 5.0 Influence of Trade Deficits or Surpluses 9 6.0 The market for loanable funds and the market for foreign-currency exchange 9 7.0 Recommendation based on the Achievement of the Strategic Plan 10 8.0 Conclusion 11 ALF

Claremont California Sustainability Plan

3931 words - 16 pages White Paper for Claremont, CA. The city of Claremont defines the goal of sustainability through their plan as “The vision is one where all who live and work in Claremont are enabled to live in ways that allow them to meet their needs while preserving the ability of future generations to do the same. A sustainable Claremont is a community that balances social needs, environmental health and economic prosperity while not depleting or degrading

Final Exam

434 words - 2 pages . staffing C. structuring D. operating E. financing 20) The strategy implementation tool used to determine what actions are going to be taken, by whom, during what time frame, and with what expected results is called a(n) A. mission statement B. action plan C. MBO D. TQM E. succession plan

Instructions Needed

1911 words - 8 pages . | | | |Preparation |Begin working on the Health Care Industry Paper due in Week Two. | | | | |Begin working on the Personal Action Plan due in Week Three. | | | |Learning Team Instructions |Review the Week One

Strategy Managment

1724 words - 7 pages to utilize the exciting situation from your advancement on the personal course of action and also the success on the nationwide ambitions. Towards affect, the federal government had attained accomplishing this so as to privatize many crucial personal workouts in Britain, even though stirring unusual shareholders. This privatization insurance finished up staying focused being a method of measuring decreasing dependence round the gasoline benefit

Student Guide For Writing A Marketing Plan

1392 words - 6 pages Stutendt STUDENT GUIDE FOR WRITING A MARKETING PLAN 1. Executive Summary The Executive Summary “sells” the marketing plan to readers through its clarity and brevity. The summary should present a description of the product/service, its target market, and its need within the market. The summary should also provide an overview of the main points of the plan and should emphasize an action orientation. 2. Company Description The

Minnesota

2265 words - 10 pages this volcanic rock formed the Canadian Shield in northeast Minnesota. The roots of these volcanic mountains and the action of Precambrian seas formed the Iron Range of northern Minnesota. Following a period of volcanism 1.1 billion years ago, Minnesota's geological activity has been more subdued, with no volcanism or mountain formation, but with repeated incursions of the sea, which left behind multiple strata of sedimentary rock. In more recent

Green Building Movement

1193 words - 5 pages editors of Building Design & Construction white paper afraid that the lack of hard-core laboratory research devoted to building systems materials, and technologies can be a road block to the growth and future of sustainability. White paper action plan – the editors of Building Design & Construction recommended action plan to be taken, while they have only the power of suggestion at their disposal, the editor’s hopes that the Action Plan will

Marxism

780 words - 4 pages the clergy. Thus, the clergy may then fulfil the functions of Gramsci’s proletarian intellectuals, by expressing the discontents of the oppressed, by shaping their consciousness of the situation, and by working with them to devise (plan) strategies of action. Marxist views evaluation: Religion as ideology- Marx saw religion as a form of ideology which helped to maintain ruling class power. Critics agree there is evidence to support this

Affirmative Action, A Social Issue

3091 words - 13 pages economic successes, we believe that affirmative action programs must be maintained and improved. RACIAL INEQUALITY IN THE EDUCATION SYSTEM Sixty-five percent of Americans oppose race as a factor in admissions decisions to public universities (NBC/WSJ Poll 2003). Those that do not support affirmative action believe that it is “reverse discrimination”, claiming that a white applicant with higher SAT’s and a higher G.P.A., who is rejected in

Similar Documents

Proposal For America To Convert To The Metric System

373 words - 2 pages by the committees, each with strategies and policies conformed to suit their interests. Public awareness was an important area of consideration in order to ensure all of the general public understood and accepted the change to metric units. This entire development took at least ten years to complete. PROPOSAL FOR ACTION Similar to Canada's plan of action, the U.S. will implement committees in order to properly spread the ideals and processes

Canadian Banking Oligopoly Essay

1983 words - 8 pages different. A normal profit is defined as “the minimum level of profit needed for a company to remain competitive in the market.”8 While an economic profit is far greater than normal profit providing the corporation with more than is needed to remain competitive. Based on the level of profits reported by the Canadian banking industry oligopoly corporations, “Canada's big 5 banks reported record annual profits in 2010 totalling $21.15 billion (up 32

Resourceful Essay

1007 words - 5 pages in the present business environment. The odds of starting a successful business is possible, for this reason, a well thought out strategic management plan is extremely important if one is to succeed in establishing and maintaining a successful business in today’s competitive marketplace. Action sports are an everyday part of many lifestyles across the globe. As the ever increasing difficulty of economic stress and corporate entities downsizing, people are less frugal and less likely to splurge on non-essential big ticket toy items. Aa enables the everyday “Joe the Plummer” to feel like he owns the world, even if it is just for one action packed day.

Strategic Plan, Part Ii: Swott Analysis

1362 words - 6 pages environment. The odds of starting a successful business is possible, for this reason, a well thought out strategic management plan is extremely important if one is to succeed in establishing and maintaining a successful business in today's competitive marketplace. Action sports are an everyday part of many lifestyles across the globe. As the ever increasing difficulty of economic stress and corporate entities downsizing, people are less frugal and less likely to splurge on non-essential big ticket toy items. Action Adventures enables the everyday “Joe the Plummer” to feel like he owns the world, even if it is just for one action packed day!