Submitted by: John Makintosh Canadian regulators are trying to accelerate the financial investments into the country as the coming recession is the worst thing that Canada may imagine. The thing is that recession means inactivity
Submitted by: John Makintosh
Canadian regulators are trying to accelerate the financial investments into the country as the coming recession is the worst thing that Canada may imagine. The thing is that recession means inactivity of foreign investors and inability of Canada to attract as much investing as needed. The main economic strategy of Canada is to export as many products as possible and all the production facilities are centered on manufacturing high quality products competitive in the global market of goods and services.
But, the recession means that the demand for Canadian products will be getting lower and lower all the time. As a result, the profits of the country with high cost of living will be getting lower as well. Finally, the government of Canada will need to execute the policy of reducing the expenses and Canadians will need to cut their spending limits and a lot of taxes will be introduced. The hope that the Canadian products will be demanded is rather high and Canada will be the one that will come over the recession with fewer damages.
The same situation happened to Canada before and Canada appeared to be rather successful and didn’t experience any financial difficulties but this coming year can become rather hard for Canada as it is rather hard to form a budget for the next year. That is why the government decided to attract all sorts of investments and it needs to start selling all the possible production asserts to have enough money for supporting the national economy. But in this case, the national security of Canada can be at danger and the government needs time to reconsider all sorts of investing and not to let other state companies to get the share in Canadian companies. It is a hard decision whether to get enough money on developing the economy and upgrading the production facilities, or to risk the security of the nation. That is why the Canadian government needs to find the way to attract a lot of financial asserts or to reduce the expenses to the minimum.
The first way to reduce all sorts of expenses is to increase the number of people involved in business as the business is the way to increase the profits of the government and at the same time it is a great way to reduce expenses on creating jobs and paying wages. That is why the government needs to concentrate the attention on the development of the private business as just private business will be able to develop in the normal way. Small business companies appear to be rather successful at the recession time as they manage to produce high quality products at the lowest possible price.
It is the only way to get people involved in earning the money for a living. Besides, the private business will never let the company go down as each of business owners is interested in producing best quality products in upgrading the production facilities. As a result, if a province has a number of large companies that trade successfully, the Canadian companies can get the needed amount of money for the Canadian government in the form of taxes. Besides, people living in this province will have enough jobs to choose. That is why a lot of Canadians start working for business owners as the salaries can be much higher if you are considered to be a great worker.
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