Canada's Economy

By Mandy_liu

  • Wartime businesses

    Wartime businesses
    Wartime businesses generated lots of money and were lucrative for business owners.

  • Spanish Flu

    Spanish Flu
    With the return of soldiers, many were left unemployed. Also, a dangerous virus was running rampant. The Spanish flu impacted the economy as many succumbed to the illness and many families were left without their primary wage earner.

  • Living Cost

    Living Cost
    The wages that Canadians earned did not keep up with the increased cost of living in Canada. Canadians struggled financially and worked long hours to meet their needs.

  • Prosperous Times

    Prosperous Times
    Many technological advances were made, such as the invention of the radio and other household items like the vacuum. Canadians had more money to spend so there was a spike in leisure and entertainment in Canada.

  • The Great Depression

    The Great Depression
    The New York stock market crashed and Canada fell into unprecedented poverty. Many were left unemployed as the unemployment rate fell to about 30 percent.

  • WWII

    WWII
    World war two helped kickstart Canada’s economy again. Canada focused on supplying wartime supplies and created an industrial war machine.

  • Employment rates & Infrastructure

    Employment rates & Infrastructure
    Employment rates were high and the economy was doing well. The growth in the economy allowed more money to be spent on infrastructure.

  • Mine operations

    Mine operations
    High amounts of granite and uranium oxide were discovered in Northern Ontario, mines begin operation and many jobs are created.

  • Royal Commission of Economic Prospects

    The government appoints a Royal Commission of Economic Prospects to help monitor the economy so something like the Great Depression doesn’t take place again

  • Auto Pact

    Auto Pact
    Canada signs the Auto pact with America and soon automobile production is one of Canada’s most important industries.

  • Decline of the Fishing Industry

    Decline of the Fishing Industry
    Fish plants in Newfoundland close, 1,300 people lose their jobs.

  • Chinese Investors

    Chinese Investors
    The first Chinese company to invest in Alberta's oil sands, China National Offshore Oil Corp. Other Chinese companies follow suit and invest in Alberta's oil sands.

  • USMCA

    USMCA
    President Donald Trump opts out of the NAFTA agreement as he claims America is put at a disadvantage. Mexico and Canada renegotiate a new trade agreement with America. This new agreement puts Canada at a disadvantage it has negatively affected dairy farmers and the dairy industry.