Canada, as one of the richest nations, has shown remarkable growth in recent years. Canada has a mixed economic system with both an open and controlled system which results in disruption due to many factors. So, these are some trends affecting the Canadian economy: Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay Debt can be due to many reasons which can totally depend on your family income. About two trillion in debt was paid by the government last year, which represents almost three-quarters of the debt owed. “In the case of Canada, in 2014, household debt amounted to approximately 170% of disposable income. In other words, the average Canadian is about $1 in debt. 70 for every dollar of income you earn per year, after taxes.” This is due to the strong desire to own a home to ensure our future generations, higher education and credit which results in high priced mortgages leading to high debt. Interest rates, high debts and rising prices have a strong connection. Ultimately, what matters is paying off debt based on your income. In the early 1990s the debt-to-GDP ratio was very stable between 5 and 7% with low interest and has increased over the last 30 years. Among all states, Manitoba has the lowest consumer debt, averaging $18,312, while Alberta has the highest, at $27,871, leaving an average of $22,125 according to last year's survey. Consumer debt can be challenging and can have negative effects on your business. Our bar business involving the food industry and perhaps the delivery of finished products to the customer. Rate increases could impact our business as not all customers are willing to accept price increases. For example, a coffee costs 1 dollar. 79 might cost $1.99 due to the effect, but the effects are considered low. Due to various pressures, inflation will have a negative impact on the economy. Inflation can be measured based on the stock of goods and services consumed by a consumer. Market prices have an important value but in the presence of inflation market prices do not clearly convey the value and its information also becomes vague. Inflation peaked in the 1980s at 12.5%. But as noted, inflation has been successfully controlled below 3% since 1992. For example, if the inflation rate was 1.52% in 2012, it would cost $101. 52 in 2012 which was $100 in 2011. This means it weakens consumer purchasing. High inflation reflects the vulnerability of the economic system which tends to lose the value of money. Therefore, it is better to control inflation forever for our business as the price increase results in an overall budget and ultimately causes an increase in products and taxes. The relativity of the Canadian dollar compared to other national currencies plays an important role in determining the value of its currency. . However, it also depends on other financial concepts. When we read or hear the Canadian dollar going up or down, it is specifically about the "exchange rate" (normally called the forex rate). It can also be defined as the conversion rate of one currency against another. Mostly, the exchange rate is compared with the US dollar. Sometimes it also happens that the exchange rate may be comparable to other countries. Let's say if the CAD is rising against the US dollar, then it may fall for the pound and other European currencies. So the government tries.