Baby Boomers Case Study

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When painting the picture that is the current Canadian economic landscape, there are many factors to consider when deciding if the economy is doing well. Unemployment, immigration, high consumer prices, job security, oil prices, and health care are all considered when talking about the
Canadian economy. Although generally speaking, the more money (and spending power) that a person possesses, the happier they are (DPE pg 19), the higher GDP is, and the better the economy is doing.
The large bubble of children born in the two decades after WWII, commonly known as
‘Baby Boomers’, are approaching retirement. Due to a phenomenon known as an inverted population pyramid (DPE pg 86), the generations following the baby boomers are smaller than the
generation …show more content…
In order to stimulate the economy out of the recession, the price of oil needs to rise, so that these provinces can begin to export oil at a more competitive global rate, and increase Canadian economic growth.
In order to get the price of oil to go up, we need to return to microeconomics. An increase in prices can be brought about by increasing demand, lowering supply, or some combination of the two. The value of the Canadian dollar is more or less represented by prices of Canadian oil, so if the price of oil increases, the economy will be more productive (DPE pg 90).
The Canadian dollar is at a decade-long low. The current Liberal government believes that their programs will help to boost the value of the Canadian dollar, and they are right in believing that there is no quick, easy fix to help the economy. One way that the dollar can increase is encouraging foreign investment in Canada: foreign companies take advantage of the low dollar and Canada’s rich natural resources to build factories, offices, and production centres, sourcing
jobs

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