Strength in Canada’s resources sectors has helped offset slower growth in services. Job vacancies and employment remain near highs seen earlier in the year, job growth has slowed relative to population increases. Canada has also welcomed large numbers of Ukrainian refugees; over 375 000 applications have been approved, equivalent to 1% of Canada’s population. The latest Bank of Canada Survey of Consumer Expectations showed that tighter credit conditions and a weaker economic outlook are weighing on consumer sentiment. 

 

I chose this website because it is provided with great information of what has happened over the last 3 years. It also states short term and long term goals that are to help tame the high inflation that we are experiencing at the moment. 

 

I chose this website because it shows a good snapshot at the prediction of which way the global economy is going with great information that the increase of inflation that is happening around the country.  This helps Canada determine what is going to happen here at home. 

 

 

I chose this website because it is directly from our government website and shows accurate numbers of growth and fall within our economy.  It gives an informative overview of what we are experiencing nationally. 

 

I chose this video because it has information on what drove the increase, what does this mean for inflation with the increase of GDP, and what’s the bottom line with talk of a recession due to rising interest rates and the war in the Ukraine combined creates a massive downturn.  It also talks about Canadians saving for the uncertain future with is a crucial part to retirement.

 

 

I chose this video because it explains what is happening right now with inflation and the cost of spending that many Canadians may be struggling with. It is giving us a prediction on what we may expect for the years to come. 

 

I chose this video because it shows the fluctuation that we are experiencing during this time. It shows that many areas of our economy are experiencing uncertainty and gives a good snap shot of what is doing well and what isn’t. 

 

I chose this video because it shows a clear picture of the rise and fall of the GDP that we are experiencing at this time. It has accurate easy to follow information for the general public to follow along. 

 

 

1.  What did you learn about your topic that surprised you the most?

I learned so much about my topic on economic growth and GDP. It to me makes more sense on what is happening around the country and globally and how it impacts us as individuals. GDP is important because it gives information about the size of the economy and how our economy is preforming. The growth rate of the GPD is used for the general health of the economy. 

 

2. Provide a real-life example of how this topic is relevant or interesting
for you.

An example for how this topic is relevant to me is because I am a consumer want to know where my money is going and what is happening around me in the finance world. I don’t have a direct example because my finances are private.  

 

What I have taken away from all of this and would pass on to my family is that saving for the future is so important, how rising interest rates affect us as homeowners and to always do our research before ever signing financial paperwork or working with a financial advisor that can be trusted to provide accurate information.