Current Affairs and Economic Interdependance

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Current Affairs and Economic Interdependance

Canada's Post-Secondary predicts a storm ahead, as budget cuts shrink courses

Housing Market

Less international students will result in lower amount of demand for the houses

Staff

Most of the younger staff will be fired first usually

Reduced salaries for staff

Many schools are laying and firing staff because of the budget decrease

Government

Government does not get as much as money they used to get because international students were their main source of money from post secondary schools

Buisnesses

Fewer students buying goods from the local businesses in the area, ultimately resulting in financial struggle

Students

International Students

It will be harder for international students to come to Canada to study because the Canadian government has

Canadian Students

Higher tuition costs for students in Canada because the schools would need more money

Students will be less educated because they will hire less educated teachers

Lower people in post-secondary education because of higher tuition costs

Post-secondary industry

less educated teachers will be hired because they do not have enough money to hire well experienced teachers

Cutting programs and courses because there isn't enough money to support them

They will lose lots of revenue because there won't be international students

If Trump were to put a 25% tariff tax on Canada, what would happen to Canada?

To America.

It would make it hard to trade with Canada so they will have to also wind new suppliers and disrupt the supply chain.

Canadian product costs would increase

The US's energy sources would decrease since they get most of their oil from Canada.

To Canada.

Car prices would go up since we get most of our cars from the US.

Will have to seek new/more trade partners.

Job losses in sectors like manufacturing, agriculture, and energy, which rely on U.S. markets, as businesses face declining revenues.

Lower export revenue since Canada wouldn't have their biggest trade partner.

Weaker currency.

Lower economic growth.

To Canadians.

Less job availability, and lots of layoffs in import dependent businesses.

Because of the higher consumer prices, consumers would spend less which will affect Businesses.

Because of the tariff consumer prices in Canada would increase for goods, since businesses would have to increase their prices to combat the tariff.

To Canadian Business.

Lots of layoffs in import dependent businesses.

Higher costs for import dependent businesses.

Because of the higher consumer prices, consumers would spend less which will affect Business.

The tariff would cause the Canadian dollar to weaken, causing businesses in Canada to increase their prices or lose profit margins for not increasing prices.

It would make it hard for businesses to get supply since it's more expensive in the US (Canada's biggest trading partner). So Businesses would have to supply from foreign countries which would be hard.