Comparing the Canadian Economy to Another Country's Economy

Suggested Statistics

1. Compare the Canadian economy to that of another country’s economy. The statistics listed below are merely a sample of what you can use.  For data, include at least ten different statistics from the categories provided below. Make sure you use the same statistics for both countries. Present your data in a Word document, in table format. You may not be able to find all the statistics listed below but you need to be able to find at least 10 different statistics (but 3 different interest rates count as one statistic). You must include at least one interest rate.  Make sure you quote which interest rate – prime rate, bank rate, short term money rate – you are using. The data should be from 2019 for both countries. If you can't find the sufficient comparable data, choose another country.

Suggested Statistics

· Population

· Birth rate and death rate

· Immigration (both leaving and coming to the country)

· GDP (in dollar terms) - nominal

· GDP (in dollar terms) - real

· GDP growth (in %) over the last year or the last quarter

· GDP per capita

· Unemployment rate

· Participation rate

· Exchange rate – between the two countries or both compared to the US dollar

· Inflation rate (currently and recent experience over the last few years)

· Interest rates: prime rate, target rate, bank rate, short term money rate (specify what you are quoting)

2. Summarize the data and compare the two countries. This should be in paragraph format. Comment on which country is superior based on each statistic and explain why. Explain the significance of the statistic. Why does it tell you something about the country's economy?  (3 marks)

3. Which country do you think will show the strongest growth in the next few years? Why? Defend your decision using the data you collected. (2 marks)