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In the article author describes the world trade between the countries - exports. Exports are one of the four components of GDP. In comparison to the 2011, the exports in 12 largest countries declined in 2012. Only US, China and Canada had an insignificant growth last year. Declining incomes are the main reason for low consumption, consumers keep purchasing less imports. Author also considers difference between exports in 2008 and 2012. German exports fell by three percent, while Indian exports were 50 percent higher. It is a huge difference, but if one remembers the reasons for changes in net exports from the chapter 14, it is not that serious. The last reason was the difference in inflation, i.e. "if inflation in the US were relatively higher than in Canada then US goods would be less competitive in Canada and may reduce the export revenues which the US earns from its exports to Canada. " Thus, looking at India and Germany this difference in growth is justified.

As a cost-saving strategy, the Canadian government has cut off circulation for the Canadian penny. The nickel, the toonie and all the coins in between cost less than their face value to produce, yet the penny cost 6 cents more than it is worth. The federal government has calculated that terminating the production of the penny will save the government 11 million a year, allowing the federal government to spend on more pressing issues. However, this change only affects physical cash transactions and not purchases made with credit or debit cards.

Canada's economy seems to have taken a hit as housing, jobs and exports fell. First there was a 21,900 jobs loss in January plus a 58,000 decrease in Canadians looking for work. In addition, exports fell 2.1%, exports to the US alone dropped, 4 points and imports fell as well. Furthermore a 19% reduction in the housing industry topped Canada's misfortune these past 2 months. Many Canadians are questioning the actions of the conservative government as economic growth is slowing to a crawl.

I think that you have chosen a very nice and interesting article because it's related to our actual topics. Is a good example about the importance of the exchange rates in the exports. If a country's exchange rate becomes stronger, then this makes the country's exports relatively more expensive to foreigners. According to the law of demand, this will cause the quantity of exports to fall. Another think to highlight is the increase of the unemployment rate, this will probably decrease the consumption because However, if people expect economic conditions to worsen then they are likely to reduce their consumption today in order to save for the future. In brief i think that it's a great article to talk about the aggregated demand, macroeconomic and the monetary policies.

I find this article particularly interesting because i never knew that Canada was suffering so much from the recession. Since it states in the article that 21,900 jobs were lost means that the household cinsumption must be very low a resulting in a low agregate demand, and since the agregate demand is low firms gain less proffit and therefore have to cut costs which in this case would be workers.

Scientists in Alberta have found evidence that oilsand operations have been sending toxins into the atmosphere for decades. Also, levels of toxins in Namur Lake have tripled since 1960. Critics have raised serious concern over the rising pollution in our atmosphere and lakes. This relates to our lesson for the week because the atmospher and lakes are common access resources. They are open to the common. These resources are becoming depleted because of the overuse of these resources.

It is a very interesting article because it is a very recent theme. In the last week I read that the soot is three times more polluting than the scientist though. It is a very good example of negative externality of production. The toxins in the atmosphere are negative externalities for third parties. The company will produce at q1 concerned in their own cost. The MSC is higher than the MPC and there is a welfare lost from Q1 to the equilibrium point. I think that commons must be protected and to achieve it the government must intervene to save the atmosphere and the lakes because it is our planet and we must save it.

NEW DELHI: India is likely to overtake Japan in 2028 to become the third largest economy in the world after China and United States, according to London-based economic consultancy Cebr. As per Cebr's World Economic League table report for 2013, India has lost a place in the league table in 2013 to Canada and is now the 11th largest economy in the world.

Canada's trade deficit decreased for the past several months thanks to an increase in exports of energy products such as natural gas and bitumen. Furthermore, there have been increases in transportation equipment, mostly for aircraft exports. These increases in exports were met with decreases in imports as plastic/rubber products, chemical and aircrafts were lower. These factors allowed the Canadian trade deficit to decrease over these past few months.

South Korea has moved closer to joining a 12 Nation trading pact which aims to slash trade barriers between nations which make up about 40% of world economy. Some of these countries that are already in the pact include United States of America and Canada.They are entering negotiations about possibly joining the TPP - The Trans Pacific partnership Trade pact.

In this Article, Canada (the country that I am from) has its currency exchange rate compared to other nations and other currencies. The Canadian dollar to British Sterling did not change much recently as it remained at .6037 to the British Sterling. This means that 1 Canadian dollar would get you 60 pence. Also, the CAD - USD exchange rate continues to fluctuate. Right now the CAD is at .96 cents USD.