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Wartime businesses generated lots of money and were lucrative for business owners.
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With the return of soldiers, many were left unemployed. Also, a dangerous virus was running rampant. The Spanish flu impacted the economy as many succumbed to the illness and many families were left without their primary wage earner.
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The wages that Canadians earned did not keep up with the increased cost of living in Canada. Canadians struggled financially and worked long hours to meet their needs.
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Many technological advances were made, such as the invention of the radio and other household items like the vacuum. Canadians had more money to spend so there was a spike in leisure and entertainment in Canada.
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The New York stock market crashed and Canada fell into unprecedented poverty. Many were left unemployed as the unemployment rate fell to about 30 percent.
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World war two helped kickstart Canada’s economy again. Canada focused on supplying wartime supplies and created an industrial war machine.
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Employment rates were high and the economy was doing well. The growth in the economy allowed more money to be spent on infrastructure.
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High amounts of granite and uranium oxide were discovered in Northern Ontario, mines begin operation and many jobs are created.
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The government appoints a Royal Commission of Economic Prospects to help monitor the economy so something like the Great Depression doesn’t take place again
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Canada signs the Auto pact with America and soon automobile production is one of Canada’s most important industries.
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Fish plants in Newfoundland close, 1,300 people lose their jobs.
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The first Chinese company to invest in Alberta's oil sands, China National Offshore Oil Corp. Other Chinese companies follow suit and invest in Alberta's oil sands.
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President Donald Trump opts out of the NAFTA agreement as he claims America is put at a disadvantage. Mexico and Canada renegotiate a new trade agreement with America. This new agreement puts Canada at a disadvantage it has negatively affected dairy farmers and the dairy industry.
