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Canadian economy and federal economic policy in the year 2014
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Canadian economy and federal economic policy in the year 2014
Annotation
PII
S207054760011041-2-
DOI
10.18254/S207054760011041-2
Publication type
Article
Status
Published
Authors
Lyudmila Nemova 
ORCID: 0000-0002-7572-6928
Occupation: Head of Section
Affiliation: Institute for the U.S. and Canadian Studies of the Russian Academy of Sciences
Address: Russian Federation, Moscow
Edition
Issue 2
Abstract

The article analyzes Canada’s economic performance and the federal economic policies in 2014. Canada’s main economic indicators – the real GDP growth, unemployment rate and the consolidated government debt to GDP ratio – continue to look better than those of other major advanced economies. However, the high turbulence in the global markets and volatility of commodity prices make Canada’s economic recovery unstable and uncertain. It is characterized by growing industrial and regional imbalances. Internal economic policy is focused on eliminating the federal budgetary deficit by 2015. The Canadian government is concerned about some troubling “irritants” in its economic relationship with the USA and is trying to diversify the external trade and investment beyond the North American borders.

Keywords
Canadian economy, Economic policy of the Canadian government
Received
17.03.2014
Date of publication
02.06.2014
Number of purchasers
1
Views
1992
Readers community rating
0.0 (0 votes)
Previous versions
S207054760011041-2-1 Дата внесения правок в статью - 27.08.2020
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References

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2. Royal Bank of Canada. RBC Economic Outlook, June 12, 2014 http://www.rbc.com/newsroom/reports/rbc-economic-outlook.html

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5. Investment in infrastructure needed at this stage in Canadian recovery, former central banker says. The Canadian Press. June 11, 2014 http://www.cbc.ca/news/business/focusing-on-deficits-won-t-build-economy-david-dodge-says-1.2672161

6. Nicolau A. Canadian dollar set for long slide as stars align against currency. The Financial Post, March 24, 2014 http://business.financialpost.com/2014/03/24/canadian-dollar-set-for-long-slide-as-stars-align-against-currency/

7. Western growth pulls away further from rest of Canada’s. Canadian Press. April 30, 2014 http://business.financialpost.com/2014/04/30/western-growth-pulls-away-further-from-rest-of-canadas/. Royal Bank of Canada. RBC Economics. Provincial Outlook. September 2014. http://www.rbc.com/newsroom/reports/rbc-economic-outlook.html

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