Open Skies in Western Canada

📖 The Scoop

A measure of activity in a specific sector of the economy is driven by two components: one represents the growth and cyclical forces that exist in the overall economy; and the second consists of the demand and supply conditions unique to that sector. [...] The criteria in selecting the makeup of a Coincident Indicator include the following: 1. the series selected should offer broad representation of both the income generating and the expenditures sides of the economy; 2. there be timely availability of the series chosen at both the provincial and the national level; 3. the series have proved reliable in dating national periods of business expansion [...] For example, in total hours worked in Nova Scotia the seasonal ranges from a high of 110% of the monthly average to a low of 90%, and in the case of full time in Saskatchewan the seasonal factors range from a high of 106% to a low of 95%. [...] Figure 3, above, reveals the impact of the large domestic and international migration during the first part of the 1990s which produced a construction boom, as well as the substantial slowing of the economy in 1997 which not quite qualifies as a recession under the criteria adopted here. [...] The experience of the Manitoba economy images the national, a fact indicative of the ties of the provincial economy to Central Canada.

Genre: Business & Economics / Economic Conditions (fancy, right?)