Economy | The Canadian Encyclopedia

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  • Article

    C.D. Howe Institute

    The C.D. Howe Institute (formerly the Howe Research Institute), is a nonprofit policy research organization established in 1973 by a merger of the Private Planning Association of Canada, formed in 1958, and the C.D. Howe Memorial Foundation. It is located in Toronto.

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    Chartered Banks in Canada

    Chartered banks, sometimes known as commercial banks, are public corporations that are licensed by the federal government to operate a banking business within Canada. By issuing these licenses (or charters), the Canadian government regulates and controls the country’s economy by influencing the amount, availability and distribution of money, and the terms or cost of accessing and distributing that money (interest rates). Chartered banks are regulated by the federal Bank Act and supervised by the Office of the Superintendent of Financial Institutions. Chartered banks in Canada accept deposits from the public and extend loans (such as mortgages) for personal, commercial, and other purposes. Banks also own and operate trust companies, securities dealers and insurance companies and offer such services as investment banking, international banking and more.

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  • Article

    Coins and Tokens

    Coins are issued by governments for use as money. A quantity of coins issued at one time, or a series of coins issued under one authority, is called a coinage. Tokens are issued as a substitute for coinage, usually by private individuals or organizations such as merchants and banks. Canada’s complex political history has meant that Canadian numismatists have an astonishing variety of coins, coinages and tokens to collect and study.

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    Collectivism

    As the social evils of industrialization and urbanization unfolded in the later 19th century, many Canadians saw the basic problem as an excess of individualism.

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    Commodities in Canada

    In commerce, commodities are interchangeable goods or services. Many natural resources in Canada are viewed as commodities. They are a major source of the country’s wealth. Examples of commodities include a barrel of crude oil, an ounce of gold, or a contract to clear snow during the winter. Commodity products often supply the production of other goods or services. Many are widely traded in futures exchanges (see Commodity Trading).

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    Consumer Credit

    Canadian consumers obtain consumer credit whenever they purchase goods or services on account, or whenever they borrow funds to finance purchases already made. The most common type of consumer credit arrangements involve cash loans, usually to finance retail purchases on instalments.

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    Consumer Price Index

    Consumer Price Index, a monthly measure of changes in the retail prices of goods and services purchased by Canadians in communities of 30 000 or more across the country.

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    Continentalism

    Continentalism is a term used to describe the theory of closer ties (eg, in the form of closer trade links, energy sharing or common water-use policies) with the US.

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    Debt in Canada

    A debt is something that one owes to another. While debt can take many forms, the term usually refers to money owed. In a Canadian context, debts have become an increasing concern during the past three decades. According to Statistics Canada, at the end of the second quarter of 2020, Canadian non-financial businesses, governments and households owed almost $7.1 trillion in debts. That works out to roughly $186,000 per person. (See also Public Debt.)

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    Economic and Regional Development Agreements

    Economic and regional development agreements (ERDAs) refer to bilateral agreements between the federal government and each of the 10 provinces in effect from 1984 to 1994. The ERDA system was a major component of federal-regional economic policy over that period.

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    Economic Council of Canada

    The Economic Council of Canada was established 1963 and dissolved 1993.

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    Economic Forecasting

    Economic forecasting is the projection or estimation of statistical measures of the performance of a country, group of countries, industry, firm or community.

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    Economic History of Canada

    The economic history of what is now Canada begins with the hunting, farming and trading societies of the Indigenous peoples. Following the arrival of Europeans in the 16th century, the economy has undergone a series of seismic shifts, marked by the early Atlantic fishery, the transcontinental fur trade, then rapid urbanization, industrialization and technological change. Although different industries have come and gone, Canada’s reliance on natural resources — from fur to timber to minerals to oil, and on export markets for these commodities, particularly the United States — has underpinned much of the economy through the centuries and does so still in many regions today.

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    Economic History of Atlantic Canada

    Nova Scotia, Prince Edward Island, New Brunswick and Newfoundland constitute the Atlantic provinces of Canada, a region that in 2016 accounted for 6 per cent of Canada’s gross domestic product (GDP). The economic history of what is now Atlantic Canada begins with the hunting, farming and trading societies of the Indigenous peoples. Following the arrival of Europeans in the 16th century, the economy has undergone a series of seismic shifts, marked by the early Atlantic fishery, the transcontinental fur trade, then rapid urbanization, industrialization and technological change.

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    Economic History of Central Canada

    Ontario and Quebec constitute Central Canada, a region that accounts for over 58 per cent of Canada’s gross domestic product (GDP). The economic history of the region begins with the hunting, farming and trading societies of the Indigenous peoples. Following the arrival of Europeans in the 16th century, the economy has undergone a series of seismic shifts, marked by the transcontinental fur trade, then rapid urbanization, industrialization and technological change.

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