Canada Economic Growth

When international prices change, the country’s income also changes. For instance, the financial crisis of 1997 led to the fall of the U. S dollar value thus leading to a 20 per cent decline in prices of commodities made in Canada (Bank of Canada, 1999; Tarboda, 2018). The country recorded a 3. 1 percent economic growth in 2017, one of the decent economic growth rates in the country since 2001. Canada takes pride in economic partnerships and is a member of several of economic blocs including APEC, NAFTA, G7, G20, OECD and WTO (Statistics Canada, 2010). This is meant to synchronise its economic performance with the rest of the world’s economy. In 2018, Canada’s global trade is expected to rise to 3. 6 percent, an incredible expansion from 2. 3 percent recorded in 2016.