Canada Economic Problems And Policies Essay

1040 words - 5 pages

Canada Economic Problems/Policies
Answer 1)
Hydro Electric Power Generation of Ontario was established in 1906 in Ontario, Canada. It was a public owned electric utility which was established with the purpose of working with private companies already working at niagara Falls and builiding transmission lines to supply municipal utilities with electricity generated by the private companies.

Answer 2)
Canada National Railway was founded in the year 1918 by the Canadian Government. The railway company is having largest rail network and best revenue figures in Canada and is currently running from Atlantic Coast in Nova Scotia to the Pacific Coast in British Columbia.

Answer 3)
Founded in the year 1927, Liquor Control Board of Ontario(LCBO) was established in Ontario Province with the purpose of selling of Liquor, Wine and Beer through chain of retail stores and to revoke the cocnerned ban as imposed during 1916. Today, only LCBO stores are authorized to sell distilled spirits in Ontario and thus the set up of LCBo has provided easing of Ontario’s temperance regime.
Answer 4)
Founded during the year 1936, Canada Broadcasting Corporation(CBC) is the oldest existing radio and televesion broadcaster in Canada. The corporation offers multiple radio and television services in Canada.
Answer 5)
Unemployment Benefits are the social welfare payments which are made to the unemployed persons by the nation administration or state bodies. The benefits provided to the unemployed persons are limited to covering basic needs.
In canada, the federal government passed Unemployment Insurance Act in 1940 instituting a national public system of unemployment insurance. The scheme was financed through contributions of variosu groups in the society which include employers, employees and federal government itself.

Answer 6)
General Agreement on Tariffs and Trade(GATT) is an economic agreement which was implemented post World War II to enhance the international trade by removing or less involvement of tarriffs, quotas and subsidies. Canada joined GATT on 20th October, 1947.
Answer 7)
Alberta is the fourth largest province in Canada. Although, the province is involved in manyindustries like forestry, finance, tourism but it derives maximum revenue from oil fields and also the exploration of oil and natural gas resources in the state has fueled economic growth in the province.
The destiney of Alberta was changed with major oil discovery in 1947 and followed with multiple discoveries of new oil resources, a heavy share of money flowed into the local economy which was the then used to institute economic spin offs in the province.

Answer 8)
Opened in the year 1959, Saint Lawrence River is the group name of all the locks, canal and channels that allow the vessels to travel from Atlantic Ocean to the Great Lakes.
Answer 9)
TransCanada Pipeline is the longest pipeline in Canada and carries natural gas through Alberta, Manitoba, Ontario and Quebec. The...

Find Another Essay On Canada Economic Problems and Policies

Comparing Canada and Sweden's Childcare Policies and Programs

2584 words - 11 pages Comparing Canada and Sweden’s Childcare Policies and Programs Systems of Government Sweden is a parliamentary democracy, which means the citizens of Sweden create the momentum for control and public power comes from the people (Department, 2011). In Sweden the Prime Minister, liberal conservative Moderate Party John Fredrik Reinfeldt, and the Cabinet Ministers form the system of government (Sweden, 2014). Under the Constitution, the Swedish

political and economic development of Canada

745 words - 3 pages loss in a national sense of independence.These attacks have created some economic hardships for Canada. First, by having to close down all air travel on September 11, the businesses took a huge loss. Also, imports and exports have decreased since then. This dark day has caused problems for everyone involved, but all countries are working hard to get this crisis solved. The Canadian Parliament has been working on this economic problem by


917 words - 4 pages . Therefore, in order to substantiate these varying perspectives, Pontusson’s article on “The Welfare State and Economic Growth” needs to be analyzed. Pontusson analyzes redistributive policies postwar, with comparison to European countries, to clearly demonstrate the expansion that results from a welfare state being impacted by the distribution of income. In fact, overall redistribution is found directly correlated to poverty alleviation. Conversely

The Effects of Stalin's Economic and Social Policies

2989 words - 12 pages The Effects of Stalin's Economic and Social Policies One of Russia's most prominent political leaders of all time, was a man named Joseph Dzhugashvili. A man, who at one time was being trained to become a priest, and would one day become a major revolutionary in the history of the USSR. The name that Stalin went by was not his given name, but one meaning "man of steel," that he made up. Stalin's rule is one of history's

The American Empire: Exceptionalist Political, Economic, and Public Policies

1577 words - 7 pages . In the following essay, I will look at the consequences of the American political and economic system as well as its public policies. Furthermore, I claim that America has built itself as an exceptional global empire, through political, economic and public policies, that center on capitalism. There are two parts to this argument. The first is about America’s exceptional global situation in which I will discuss the way in which America has made

Entrepreneur and Economic Development of Nigeria: Problems and prospects

1615 words - 6 pages 1 2010 Simeon Abumere Iyoha PG/EDU0003886 [ ASSIGNMENT FOR BUS 815-ENTREPRENEURIAL DEVELOPMENT 2008/2009] Entrepreneur and Economic Development of Nigeria: Problems and prospects INTRODUCTION"No amount of pay would be enough for an employee of an organization to live a comfortable life that he would please"- this assertion is a common place phrase that new inductee of banks are tutored with on entering into the financial systems of

Weimar Republic's Success in Dealing With Economic and Political Problems

2251 words - 9 pages Weimar Republic's Success in Dealing With Economic and Political Problems When the Republic was first 'born' in 1919 they faced a huge amount of problems - both internal and external. Not only did they have a remarkably unstable government, but also faced threats from both the left and the right. Furthermore to this their economic problems were extremely acute. Historians such as Stephen Lee believe that the government

War Brings Economic Problems, Loss of Life and Suffering

623 words - 2 pages justified. Despite the common argument that war brings about liberalism, it saddles along economic problems, a loss of lives and sufferings. The tremendous suffering that results from war is unimaginable. Innocent civilians are maimed or killed while the soldiers face irreparable physical and mental damage even years after the war. The effects of Agent Orange used in the Vietnam War more than twenty years ago are today still felt by many

The FED's Expansionary and Contractionary Monetary Policies During and After the Economic Recession

595 words - 2 pages and it’s important to know what actions will be taken to remedy the situation. Expansionary monetary policy promotes growth and contractionary monetary policy slows growth. The Fed raises or lowers the money supply to use these policies. Bernanke the fed chairman says that action will be taken depending on the need for it, so only time will tell when the fed takes action.

Economic Policies in the Interwar Period and the Post-World War Two Period

1878 words - 8 pages currency stabilization which existed before 1914. As a result, the major powers continued their “great power rivalry,” which inhibited global cooperation and resulted in countries adopting nationalist policies to achieve their goal of stable growth and more equitable distribution of wealth (Frieden, 154). After World War Two, the United States emerged as the global leader, and influenced most of the major powers to reorganize their economic policies to

How important were economic factors in shaping US foreign policies between 1890 and 1917?

867 words - 3 pages possible if the US economy had not been as strong, and of course if other countries had not been in such economic turmoil.Economic factors such as these were key in shaping US foreign policies between 1890 and 1917.One of the key factors that influenced American foreign policy were the personal agendas of the presidents of the period. Other politicians in powerful positions also affected foreign policy, for example during the Boxer Rising in China

Similar Essays

Economic Growth And Environmental Problems Essay

1035 words - 4 pages and our environment.People have entered the new millennium. The global environment has been changing over time due to rapid economic growth. Meanwhile, the economic growth will be ongoing. It is difficult to control the environmental problems that caused by economic growth although people are trying to make some policies to limit and minimize these serious problems. Up to now, rapidly increasing economic growth has seriously influenced the earth

Economic Disparity And Policies Lead To Prison

1489 words - 6 pages Introduction According to Marc Mauer, (1998) the prisoners detained in US jails close to half of the prison inmates are African-Americans, as compared to others (Marc Mauer, 1998). It is fared that if current policies and the state of economic disparity remain in place, it is likely that the number of this unfortunate community / minorities will increase over the next few years and the economic disorder will keep increasing the economic and

Review And Analysis Of Malaysia's Economic Policies

2139 words - 9 pages different dominant race, both nations comprise of similar races from similar backgrounds but different perspectives mostly due to the influence of how each nation or leader governs their economic and social policy towards a better development of the overall country. This essay will look into the effect of different policies applied to both nations and how the education system in both countries will have an influence on what the future policies

American Fiscal Policies And Economic Growth

2050 words - 9 pages American fiscal policies and economic growth Fiscal policy refers to the use of taxation and expenditure to impact on the economy of any country. Specifically, an economy of a country relies on the major instruments of fiscal policy which entails government expenditure on the various sectors of the economy and changes in the taxation system. As a result of the changes that the government can make on the two components for example through the