Economy of 1996

To investigate the state of the Canadian economy, it is very useful to track Canada's six major economic goals: economic growth, economic stability, economic efficiency, economic equity, viable balance of payments, and low unemployment. At a given time, Canada is achieving some of these goals while falling behind on some of the others. When taken all into consideration, these goals give an indication of how well Canada has been doing and the stage of the …

…trying to meet its six economic goals. However, some economic goals are contradictory, so to reach one goal, Canada cannot reach another. Therefore, trade offs are made depending on the relative importance of a particular goal in comparison with the other goals at a given time. Although the overall impression of Canada's current economy made by these six goals is not a particularily encouraging one, it does provide hope for a better, stronger future economy.