Oh ye of little faith

Article Abstract:

The devaluation of the Canadian dollar in 1998 has been blamed on the Asian and East European currency crisis. However, this analysis is incorrect as currency devaluations are brought about by investors' loss of confidence in a particular currency. These investors withdraw their investments in a country they deem economically unstable and transfer them to less riskier environments. Thus, the rationale behind the slump of the Canadian dollar, in the midst of appreciating European currencies, is local Canadian investors' lack of confidence in their own country's economy and currency.

Administration of General Economic Programs, Other Financial Vehicles, Investors, not elsewhere classified, Other General Government Support, Investors NEC, Coinage & Currency, Foreign Exchange & Reserves Policy, Analysis, Prices and rates, Beliefs, opinions and attitudes, Money, Investors, Currency devaluation, Devaluation (Currency), Capitalists and financiers, Dollar (Canada)

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Recessions revisited

Article Abstract:

The 1990-1991 recession concentrated the effects of technological change in business. Many redundancies that would have happened sooner or later because of the increase in computer technology occurred then. The notable feature of the recession has been the long, slow recovery. This is partly due to the decision of the Bank of Canada to maintain the Canadian dollar at a high exchange rate, thus depressing the export market that should have led the recovery. The Bank only reduced the exchange rate in Dec 1991, after the end of the recession and too late to bring a rapid recovery.

Economic policy, Recessions, Canada. Bank of Canada

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Living the good life

Article Abstract:

Statistics indicate that Canada is one of the best places in the world to live in. Indexes developed by the Organization for Economic Cooperastion and Development show that gross national product per capita in Canada is the second highest in the world, after that of the US. Much of the credit goes to the adaptability of the Canadian economy and the strength of its services industries.

Column, Gross national product, Income

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