Positive Impact Of Canada's Economy On A Company

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A country’s economy has a great impact on a company, company is very dependent on it. Because, if the economy is good, the company will be benefited, however, whereas if the economy is bad, the company somehow will be affected negatively. Companies need to keep track of relevant economic indicators and monitor them overtime. Economic plays a big role in how company can make decisions especially in their financial decision. If the taxes are low, company will not have to spend too much on it and thus gain more income, maximizing its profits. For example, the business tax rate in Canada is low so the company does not have to pay high taxes for it. Positive impacts Canada is an economically stable country. The graph below indicates that the GDP