To investigate the state of the Canadian economy, it is very useful to track
Canada's six major economic goals: economic growth, economic stability, economic
efficiency, economic equity, viable balance of payments, and low unemployment. At a
given time, Canada is achieving some of these goals while falling behind on some of the others.
When taken all into consideration, these goals give an indication of how well Canada has been doing
and the stage of the business cycle the Canadian economy is in. In 1996-1997, Canada is
in slight recession and is only meeting the goals of economic stabil…
