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Canada's Economic Action Plan

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In 2008 Canada faced an economic downturn, which resulted in a recession. Canadians had been enjoying a lucrative economy in the year’s previous and certain business sectors were thriving. In late 2007 cracks in the economy started to appear and, soon after, the recession had hit the country full bore. During this devastating time, the Canadian government developed an Economic Action Plan to counter the effects of the recession. This action plan had first been started in 2006, but was implemented during 2008 to spark the lagging economy. This was done by increasing government spending throughout the country and, specifically, in places in Canada that were suffering the most. There are many facets to the Economic Action Plan, but the overall goal was to get the economy back on track. The main elements to the action plan are jobs, growth and prosperity for Canadians.

The first topic in the action plan is Connecting Canadians with Available Jobs: this portion of the action plan makes sure that Canadians find the jobs they need in order to keep working and contributing to the economy. The government of Canada has ensured this will happen through several different methods and some examples are:
• Creating the Canada Job Grant
• Creating and encouraging opportunities for apprentices
• Providing support to groups which are underrepresented in the job market (examples: Aboriginals, newcomers, youth)
• Promoting education in high demand fields
• Providing scholarships for post-secondary education

The second topic discussed in the Economic Action Plan is Helping Manufacturers and Businesses Succeed in the Global Economy. This is an extremely important portion of the plan because Canadian businesses have many challenges to overcome because of the competitive market they face. The Canadian government has finally recognized that it is important to be an ally to these

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