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Post #12 - Reflective Discussion Questions

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Post #12 - Reflective Discussion Questions

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This photo shows Canada's annual Inflation Rate, as of July 2016 (down to 1.3% from 1.5% in June 2016..

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This image shows Canada's GDP Growth Rate

Quarterly. It shows that the growth rate is at the highest it has been in over 2 years.

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This image shows the strong relationship between the Canadian Dollar and Oil Prices

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http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/dsbbcan-eng.htm

This website is extremely relevant because it is raw data directly from Stats Canada based on Economic and Financial data. It shows a wide range of information about Canada's Economy, yet split into each sector. The website also contains internal links to other corresponding data. It is also very recent information.

Interesting fact: "External Debt" as of the 1st Quarter of 2016, was at 2,085,857 ($ million CAD) !

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https://data.oecd.org/canada.htm

I found this website relevant because it contains a vast amount of visual information on a range on topics; from GDP, to Unemployment percentage and Debt level. It also shows relevant sectors including Agriculture, Energy, Finance, etc.

Interesting fact: each topic has a corresponding graphic and generalised definition, allowing inexperienced people the ability to understand what they are reading.

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http://www.bankofcanada.ca/core-functions/monetary-policy/measuring-economic-growth/

I chose this website because of it's relevance to my topic. It comes directly from the Bank of Canada and gives a complete breakdown on the different methods of measuring Economic Growth, and how each method is applied.

An interesting fact I found: the Bank of Canada uses any of the variety of methods depending on the scenario in which it is needed.

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http://www.900chml.com/2016/12/06/average-canadian-family-to-spend-420-more-on-food-in-2017-report/

This video focuses on Inflation rates, specifically in the Food Sector. This video shows the breakdown of "Canada’s Food Price Report 2017" and states that the average Canadian family can expect to spend up to $400 more on food next year, along with rising rates in other areas.

An interesting fact: certain grocery stores that rely strictly on income from food products will now face strong competition from "super-centres".

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http://www.theglobeandmail.com/report-on-business/economy/bank-of-canada/article32437502/

This video is relevant to the topic because it also discusses Global Growth, but Interest rates as well. This video focuses on certain sectors that contribute to the Canadian Economy, specifically the Housing and Energy Sectors as well as Exports, and how certain laws and regulations will potentially have a negative effect.

In this video, an interesting fact I found was that the Housing Sector could show a negative effect ("drag") on the Global Economy by the end of 2018.

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http://www.theglobeandmail.com/report-on-business/economy/oecd-maintains-low-growth-view-of-canadas-economy-this-year-and-next/article33066742/

I found this video to be relevant because it discusses future Global Growth, and how certain countries that play a large role will have an effect. This video also discusses possible future outcomes with new president-elect Donald Trump headed to Office, including the reduction of global unemployment rates.

I found the fact that Donald Trump has such an immediate impact on a Global level to be interesting.

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This online "wall" will be based around Economic Growth and Inflation rates, focusing specifically on Canada's national level.

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My topic for Assignment #2

By Nick Beenen