# data[].attributes.body
This image is a chart illustrating how Canadian Provincial debt has surpassed Federal debt in 2015. This could serve as a problem to economic growth and helped me get a better understanding of where Canada sits today on the financial aspect.

# data[].attributes.body
This image is a chart that shows the GDP growth rate for 2014-2017 projections, this chart helped me get a grasp on Canadian economic growth and where we stand as a country today.

# data[].attributes.body
The following video explains how protecting the environment is directly related to economic growth for Canada. In this video, Prime Minister Justin Trudeau explains how getting approval for important projects for gain the economic growth that was promised. I found this video very interesting and learned how Canada can grow the economy through achieving environmental goals and was glad to see that our Prime Minister is eager and willing to tackle oncoming problems and uncertainties they may see in the future.

# data[].attributes.attachment_link.title
Trudeau says protecting the environment and growing economy go together | Watch News Videos Online

# data[].attributes.attachment_link.description
Watch Trudeau says protecting the environment and growing economy go together Video Online, on GlobalNews.ca

# data[].attributes.body
The following video was produced by global news and talks again about how the government intends to achieve overall economic growth and how it has so far been unsuccessful. The current government intends to spend money while running a deficit to stimulate the economy, the problem is that the deficit continues to grow with what is said to be no improvement on the economic state. I found this video very interesting when the point was brought up that 81 billion will be spent over 11 years on infrastructure to create over 100 thousand jobs. If this can be achieved, economic growth will be inevitable.

# data[].attributes.attachment_link.title
Finance Minister Bill Morneau releases economic outlook | Watch News Videos Online

# data[].attributes.attachment_link.description
Watch Finance Minister Bill Morneau releases economic outlook Video Online, on GlobalNews.ca

# data[].attributes.body
This web link directs you to an article about Prime Minister Justin Trudeau announcing Canada’s decision to invest 1.2 Billion dollars to Ford and the Canadian automotive industry. I learned how investment such as this can help the overall economy. Creating and maintain over 800 jobs with this investment, will help to increase to GDP.  I also found it interesting how involved Canada is with attempting to be the global center of the automotive industry.

# data[].attributes.attachment_link.readable_text
Ford of Canada joined with the federal and provincial governments Thursday to announce a $1.2-billion investment in its Windsor operations along with others in Ottawa, Waterloo and Oakville.

The investment will create and maintain 800 jobs, according to a statement released by Prime Minister Justin Trudeau's office.

The federal government will provide Ford of Canada with $102.4 million and Ontario will match that amount. The company will contribute $1 billion in research and development spending, which will "lead to the creation and maintenance of almost 800 good, middle-class jobs for Canadian workers," the statement said.

The investments will also strengthen Ford of Canada's research and development capacity at existing facilities, including the Powertrain Engineering Research and Development Centre in Windsor.

The funding will also help establish a new research and engineering centre in Ottawa, with additional locations in Waterloo and Oakville, which will focus on connectivity research and development across infotainment, in-vehicle modems, gateway modules, driver-assist features and self-driving cars.

"Today's investments will help create and maintain almost 800 great jobs for Canadians in Windsor and across Ontario, while equipping Canadians with the skills they need to design and build the cars of the future," Trudeau said in a statement. "This is about positioning Canada as a global centre for automotive innovation, creating better opportunities for Canadians, and keeping Canada's automotive manufacturing sector competitive."

The announcement was welcomed by Unifor national president Jerry Dias, who credited last fall's successful contract talks with the company as the catalyst for the new investment.

"Unifor went into talks with the Detroit Three with one goal in mind - secure investment in the Canadian auto industry to ensure good jobs for future generations," Dias said.

The collective agreement with Ford, ratified last November, called on the automaker to invest $713 million in its Canadian operations over the next four years. Ford's investment will see its Windsor operations develop into a world-class powertrain facility, its Oakville Assembly plant upgraded and the establishment of a $500-million research and development centre in Ottawa.

# data[].attributes.attachment_link.title
Ford, governments announce $1.2 billion investment in Ontario's auto industry, creating 800 jobs

# data[].attributes.attachment_link.description
Ford of Canada joined with the federal and provincial governments Thursday to announce a $1.2-billion investment in its Windsor operations along with others in Ottawa, Waterloo and Oakville. The investment will create and maintain 800 jobs, according to a statement released by Prime Minister Justin Trudeau's office.

# data[].attributes.body
The following web link will direct you to the Ontario finance website where they explain how they will be investing to help grow the economy and create jobs. This page showed me exactly how the government was planning to invest with priority public infrastructure projects that would create jobs, value and increase the overall GDP. I found it interesting that the government is now planning to invest more than they have ever before in Ontario.

# data[].attributes.attachment_link.title
2016 Ontario Budget | Growing the Economy and Creating Jobs for Tomorrow

# data[].attributes.body
Spending is a big factor that can help speed up economic growth and the current Canadian Government has done and will continue to do just that. The future is unknown, but we do know the Liberal government has spent a lot and will continue to do so, this chart illustrates the liberals spending and investing.

# data[].attributes.headline
Part 2: How the government can save/invest to help the overall economy.

# data[].attributes.subject
Part 2: How the government can save/invest to help the overall economy.

# data[].attributes.headline
PART 1:  Current overall Canadian economy, How and Why?

# data[].attributes.subject
PART 1:  Current overall Canadian economy, How and Why?

# data[].attributes.body
This video taught me that just 3 months ago, the Canadian economy was on a small rise due to the results of the American Presidential election. This was useful information to learn, that I found very interesting. I was unaware that something as small as ‘’ The Canadian way of living’’ is something that would play an important role for the economy, but more importantly this video taught me how investment in local/Canadian businesses is what the Canadian government needs people to do to help with economic growth. The video propelled me into doing more research about investment in Canadian companies to help economic growth.

# data[].attributes.attachment_link.title
Video: Canadian economy expected to grow at 2.4 %

# data[].attributes.attachment_link.description
The numbers came out Tuesday from OECD. 680 NEWS senior business editor Mike Eppel with the day's top business headlines.

# data[].attributes.body
The following web-link is a valuable article about what you as a Canadian should do today to help the current economy. I found that this article could help me learn that I should always pay most attention to my personal economy, meaning that if I can spend and invest then do so, but if you are not in that position there is no problem with saving your money for personal reasons. This article was able to teach me that it is okay to care for yourself.

# data[].attributes.attachment_link.readable_text
Should Canadians spend or save?

The Bank of Canada tells Canadians to cut back spending and pay down debt, yet a rate cut is telling people to help the economy by spending more. What's your client supposed to do?

By: VIKRAM BARHAT

Date: June 01,2015

To spend or to save? That is the question facing investors and their advisors today. For the last several years, the Bank of Canada has been warning Canadians about the amount of debt they're taking on, while at the same time financial experts are saying that it's spendthrift consumers who are spurring on the economy.

The BoC's January rate cut mixed messages even further. Our current debt-to-disposable-income ratio sits at an all-time high of 163.3 per cent, with much of that debt related to mortgage loans. The rate cut, though, has now made borrowing cheaper – especially, for consumers, on mortgages and lines of credit – and that could encourage further spending.

Of course, when rates rise, all of that additional debt we've taken on will be harder to pay off, and that could hurt the economy, too.

It's a confusing time for those Canadians worried about the country's economic growth, which is struggling. On May 12, Moody's Investors Services slashed its Canadian GDP target from 2.5 per cent in 2015 to 1.5 per cent. How can advisors help clients make sense of this and reconcile the twin realities of cheaper borrowing and rising debt levels?
Pay attention to your personal economy
While Canadians should be paying attention to the overall economy, when it comes to saving and spending, people should always look at their own situation first, says Peter Drake, vice-president of retirement and economic research at Fidelity Investments.

"It is equally, if not more important, to think of your personal economy," he says. "Individuals need to think about their jobs and how they are doing, and whether it's a good time for them to save or spend."

Whether your client chooses to pay down debt or to spend money, any decision must be made with an eye on long-term financial implications, and people need to ask themselves how a future interest rate hike would affect their finances, says Mr. Drake.

"If it's going to lead you to a more difficult financial condition, and if that means you have a sharply higher debt payment cost each month, then maybe you should think about paying down some debt," he says.

As a matter of principle, one should spend within their means, says Cynthia Kett, a chartered accountant and certified financial planner with advice-only firm Stewart & Kett Financial Advisors in Toronto.

"We need to think about living for today and tomorrow. If we're only living for today, we're spending too much," she says. "My opinion is that governments are taking on more than enough debt for all of us. Let's not worry about the economy – we can only do what's best for us."
Canada's spending and saving contradiction
While looking after oneself first makes a lot of sense, the reality is that if we all stopped spending, the economy would suffer, says Glen Hodgson, senior vice-president and chief economist at the Conference Board of Canada.

Personal consumption accounts for about 54 per cent of our GDP and spending, he says, and has a positive impact on short-term growth. If people quit shopping then we would see more cracks in our already fragile economy.

"Consumption growth is a major part of our economy," says Mr. Hodgson. "People getting cold feet would have a depressing impact on our GDP."

On the other hand, though, saving does help the economy grow long-term. When people invest it helps businesses expand, add jobs and buy and sell goods, all of which helps GDP growth. Without investment, Canada would become less competitive in the future.

While these do sound like contradicting messages, Hodgson points out that the reliance on spending is like the instant gratification you get from eating candy.

"Short-term spending is like being on a sugar high," he says. "You're coasting along on current consumption, but it's saving that has the most long-term potential. You need to separate the short-term factors, which everyone focuses on, and the long-term ability to grow."

With that in mind, spending versus saving comes down to a "very personal choice," says Mr. Hodgson. Our growing debt loads will mean that a lot of people can't spend, though others may be able to do both.

He suggests people run through the "what-ifs." What if interest rates increased significantly? Could you still afford the payments? What if you're considering a house, but prices keep rising? Can you carry a large mortgage payments for years?

"It comes down to an individual calculation," he says.
Look at long-term savings
Statistics show that the need for saving may be greater now than ever before. Over the last three and a half decades, savings as a portion of disposable income have dwindled. In 2014, Canadian households saved about 4 per cent of their disposable income, down from about 16 per cent in 1981.

"When you look at these numbers, it's not difficult to come to the conclusion that it might be better if consumers in general were saving a little more," says Mr. Drake.

Plus, just as long-term saving is good for Canada's economy, it's also a positive for our personal economy. We might feel that "sugar high" when we buy something now, but we also need to invest in the market so we'll have money down the road, says Mr. Drake.

Ultimately, people need to keep their temptations in check, be patient and be better prepared financially so that they don't give in to those short-term impulses, says Ms. Kett. Advisors, adds Mr. Drake, can go a long way in helping people make sense of this spend-or-save world.

"Someone might be sitting at home looking at low interest rates and thinking this may be a great time to borrow money and buy something," he says. "But if they talk to an advisor, they'll focus on their overall financial picture. They'll look at your consumption and savings - not just now, but where you're going to be five years or 20 years down the road."

# data[].attributes.attachment_link.keywords[]
national association of personal financial advisors

# data[].attributes.attachment_link.description
Should Canadians spend or save? By: VIKRAM BARHAT Date: June 01,2015 To spend or to save? That is the question facing investors and their advisors today. For the last several years, the Bank of Canada has been warning Canadians about the amount of debt they're taking on, while at the same time financial experts are saying that it's spendthrift consumers who are spurring on the economy.

# data[].attributes.headline
                                                                WELCOME 

# data[].attributes.subject
                                                                WELCOME 

# data[].attributes.body
Hello, my name is Nick Torrenueva and welcome to my padlet wall. Exploring this page will teach you how saving and investing can play an important role in helping the overall Canadian economy. You will understand what I have learned with videos, pictures, and weblinks about how the government saves, spends and invests to help the economy also, you will see how you as an individual can do the same to help grow the economy in some way. The role of saving and investing is very important and on this page you will see how. This page has been organized into three seperate parts:

Part 1: Current overall Canadian economy, How and Why?
Part 2: How the government can save/invest to help the overall economy.
Part 3: Word Document/Outro

Each part will contain different posts with various links that will help you understand what I have learned about the topic.

# data[].attributes.headline
Role of saving and investing in helping the overall economy

# data[].attributes.subject
Role of saving and investing in helping the overall economy

# data[].attributes.body
By: Nick Torrenueva