What is the economy?

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What is the economy?

Rounding it up

  • The economy refers to the production, consumption, and trade of goods within a country. It’s affected by your every decision, even your morning coffee purchase.

  • In turn, the economy affects you as well, through interest rates, employment, and government policies.

  • Four major industries fuel Canada's economy: real estate, oil, gas, and energy, manufacturing, and tourism.

  • In light of COVID-19, the future of Canada’s economy remains uncertain. But there are some positive signals to look at, like the growing tech and renewable energy sectors.

11 min read

Barry Choi
#economy#government#recession#industry

Barry Choi

Barry Choi is a personal finance expert based in Toronto who makes frequent media appearances. His website Money We Have is one of Canada's most trusted sources for all things related to money and travel.

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