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by Joshua Smith

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Markets are systems in which goods services or other economic means are exchanged.  Markets are created either on purpose or spontaneously and they allow economists to analyze and understand the economic patterns and trends.  Through this Padlet I will show different types of markets, what they do and how they impact the economy and society.

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The article discusses markets and what they are. I found it incredibly useful when researching this topic. The article helps to describe and explain markets. For example, it discusses how geography impacts markets, like for example North America or Europe and their respective trade agreements within. The article helps to understand securities markets as well. Securities markets, are markets that include stocks, bonds, currency etc. It also helps to explain the importance of markets in society.

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Article # 2 "Recent trends in Canada's labour market: A rising tide or a passing wave?"-https://www150.statcan.gc.ca/n1/pub/71-222-x/71-222-x2018001-eng.htm

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Article # 2 "Recent trends in Canada's labour market: A rising tide or a passing wave?"-https://www150.statcan.gc.ca/n1/pub/71-222-x/71-222-x2018001-eng.htm

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This report released by Statistics Canada reviews the labour market in Canada. It overviews various trends during the 2017 year. The report indicates that unemployment fell during the 2017 year. In terms of trends for this market, it shows that employment grows significantly during the summer, as well as November and December. In relation, employment plummets in the following months, September and January. The report also shows provincial statistics in regards to the labour market. It shows the various trends over the year for all provinces for employment.

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The article overviews trading in foreign currency exchange. The foreign currency exchange market involves the buying and selling of currencies around the world. It explains that only a handful of countries currencies dominate the market. Canada in fact, is the 5th most sought after currency on the market. It explains that although Canada's economy is not as large as the foreign exchange would suggest, our loonie holds confidence. The page outlines that our strong industries and commodities help to ensure foreign investment. Additionally, it talks about how the loonie is strongly linked to the US dollar, and its strength is a benefit to us.

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This image shows the number of companies listed on the Toronto Stock Exchange that own oil and gas assets.  The importance is that is shows the strength of Canada's oil and gas market.  Companies around the world are choosing to list on the TSX as a result. When companies list their stock they are hoping to achieve certain fiscal goals and gain the most investment capital possible. The image shows that Canada's largest stock exchange is one of, if not the, most popular in the world for oil and gas. Indicating strong confidence on the part of firms worldwide.

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This image shows a "pure market economy" flow chart. A pure market economy is one in which the markets dictate the economy exclusively with no interference. Thus, we see in the image that firms supply goods and services, consumers buy and supply labour to the firms. This creates what should be a perfect cycle. Both the output market (goods/services) and input market (labour etc) are untouched and rely completely on the other.

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This video talks about Canada's housing market. The housing market involves real estate transactions in Canada. The video mentions that issues regarding supply are causing there to be unmet demand. This lack of supply, mainly affordable housing, has led to a rise in housing prices across the country.  Moreover, the video talks about rent control in Canada. it discusses how rent control seems desirable, but will detract investors from the market. This they argue, would damage the real estate market and so rent control should be avoided.

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Canada’s housing affordability: Coast to coast

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In this video helps to better understand how markets are impacted.  It overviews types of market structures. These include monopolies and the pure market mentioned in Image #2. It goes over how the different types of market structures work. for example, it outlines that in a monopoly only one firm controls the means of production and thus their is limited choice. In this economy one firm controls so much marketshare that they have no competition and essentially, "own" the market entirely. The video also mentions how things like population, and quality of product in their relation to the market.

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Video #2 "What to expect from the Canadian economy in 2018"- 

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Video #2 "What to expect from the Canadian economy in 2018"- 

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This video goes over the outlook for the Canadian economy in 2018. It discusses how the Canadian oil companies will be hoping for an increase in oil prices in the global market. It also discusses how the stock market in Canada will be looking to make more improvements, in an effort to compete with some of the larger ones. The video also mentions that the housing market is still at risk in Canada, however they do not anticipate any major downfall. Overall the video explains how Canadian markets are looking to improve or recover, and what we may see from them.

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What to expect from the Canadian economy in 2018

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Andrew Pyle, senior wealth advisor and portfolio manager at The Pyle Group, Scotia Wealth Management, offers an assessment of the Canadian economy that has the housing market

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The image below shows a traditional market. This is the most common image that comes to mind when you think of the word "market". In this image we see numerous sellers and buyers exchanging goods (produce), for money. This image sums up exactly what a market is on a base level.