March 4, 2022
- gas in the GTA: regular $1.75/litre; it will hit $2.00/litre by the end of March
- pro: less cars on the road, less traffic, and pollution *TTC, car pools
- driving may become unaffordable
- better for the environment
Homework
1) When C$ = US$ (at par), January 2011
- when C$ is weak, it is good for the exports (Can goods are cheaper for other countries to buy)
- when C$ is strong, it is good for us because foreign products are cheaper to buy
- right now, C$ is not very strong ($100US = C$128)
1) What are the five important products we buy from US?
- USA is our biggest trading partner
- agriculture products (food), machines (cars, airplanes), semiconductors (computer chips, laptops, cell phones, computers), consumer goods (clothing, shoes, pants)
- with a low C$, these goods become more expensive
Homework for this weekend (March 4)
- What do Americans buy from Canada? Name five products (don’t mention maple syrup)
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