Article Abstract:
Economic Council of Canada Chairman Judith Maxwell stresses that the contribution of women to the Canadian economy is of critical importance since women will be needed to fill job vacancies resulting from the aging of the Canadian population. Maxwell believes there is a need for increased investment in the education and training of women to enhance their ability to contribute economically to society and to make sure they maintain a decent standard of living. Women must also be encouraged to invest more in their own education because they make an increasing contribution to family income. Women currently only make 59% of male wages, a situation caused by women's over-representation in lower-paying jobs and by discrimination. Maxwell also believes there is a need to offer better support systems and flexible work arrangements for women to allow them to balance careers and a families.
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Article Abstract:
Judith Maxwell, in a report to the House of Commons Standing Committee on Finance, Trade and Economic Affairs, describes the probable economic impact of low oil prices over a sustained period of time. The projections are based on the base case, or middle range case, contained in the Council's Twenty-Second Annual Review issued in October 1985, with a change to the figure used for the price of oil. The projections contained in the original case have generally been followed over the past months. By changing the oil price figure used from $28.50 to $19, the following changes to the original case result: total output increases 2.3 percent by 1990; employment is higher; there is a reduction in the federal budget deficit from 4 percent to 3.9 percent of GNP in 1990; and the consumer price index will increase 2.3 percent annually to 1990.
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Article Abstract:
The Economic Council of Canada devised five simulation models to assess the likely effects of the 1988 trade agreement between Canada and the US. The most likely scenario among the simulations conducted would suggest that the agreement will stimulate a 1.8% increase in Canadian employment, or about 250,000 jobs, with a 2.5% increase in real output over the base case. Effects on the individual provinces should vary, depending on their individual industrial profiles, but all provincial economies should see improvements in output and performance. Provinces on both coasts should benefit more, however, than Ontario and Quebec.
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