Part one of term paper
To investigate the state of the Canadian economy, it is very useful to track Canada's six major economic goals: economic growth, economic stability, economic efficiency, economic equity, viable balance of payments, and low unemployment. At a given time, Canada is achieving some of these goals while falling behind on some of the others. When ...

Part two of term paper
... of slight recession because there is a downswing in economic activity. To confirm a true recovery, "an economy must show no growth for two consecutive quarters." However, Canada is not in a true recession because there was a 3.0% growth in the third quarter, compared to 2.2% in the second quarter. Eventhough it is not true recession, the slow growth is a sure sign of a slight one. Low inflation is also is also prevalent and is symptomatic of a weak economy. A low inflation rate of 1.4% in Nov ...