• Looking at the economy as a whole, particularly the interaction of its various components with one another.

general economic factor, national productivity

Related Terms and Acronyms

  • Bank Rate Definition,
    • Closely related to the overnight rate, the bank rate is the interest rate the Bank of Canada charges to banks and other major financial institutions for one-day loans.
  • Deflation Definition,
    • An actual decline in the general level of prices in the economy.
  • Depreciation Definition,
    • The gradual loss of value of a building or other property because of age or natural wear.
  • Economic Indicators Definition,
    • Statistics that help determine how the economy is faring. They include the Consumer Price Index, housing starts, and unemployment rates, among others.
  • Fiscal Policy Definition,
    • The use of government spending and taxation policies to influence the economy.
  • Gross Domestic Product (GDP) Acronym,
    • The total value of all the goods and services produced by the Canadian economy in a single year.
  • Index Definition,
    • A table of yields or interest rates being paid on debt (such as Treasury notes or bank deposits) that is used to determine interest-rate changes.
  • Inflation Definition,
    • A rise in the average level of prices in the economy.
  • Microeconomics Definition,
    • Looking at the individual parts of the economy, with emphasis given to the market process and how it works.
  • Monetary Policy Definition,
    • The Bank of Canada's ability to influence the economy through changes in short-term interest rates and the money supply.
  • Overnight Rate Definition,
    • The interest rate banks use to lend or borrow funds from each other.
  • Recession Definition,
    • A prolonged period (popularly defined as two successive quarters) in which economic activity shrinks.
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