How Does The Economy Affect The Canadian Economy

198 Words1 Pages
Source one titled, Mortgages and Interest Rates in the Canadian Economy, is a chart demonstrating the Canadian economy and what affects it. It shows how the economy affects the supply and demand of houses. As the interest increases, the demand for houses decreases, increasing the supply. Thus, declining the economy. The question mark in the chart is replaced with “decreased supply” because the demand is high which leads to increased interests. This source basically communicates how the price, supply, and demand are all in a cycle that affects the overall economy. The second source is a quote from James Flaherty, the Minister of Finance on the new mortgage rules. This source relates to how mortgages can affect the whole Canadian economy.