Chapter 9

Question 1

Canadian business habits

Answer 1

• stock goods from around the world to compete with online shopping
• retailers visit international trade shows or access online distribution)
• increase in foreign ownership of Canadian manufactures means it’s more difficult to buy Canadian made goods
• Canadian business most remind shoppers that they sell and produce Canadian goods

Question 2

Canadas top banks (6)

Answer 2

1. RBC
2. TD
3. CIBC
4. National Bank
5. BMO
6. Scotiabank

Question 3

Positives of Canada’s banks

Answer 3

• larger and greater reserves than American and European competitors
• highly regulated by the federal government
• designed to handle ups/ downs of the business world
• profitably exported its banking expertise around the world
• 4 of the 10 largest banks in North America measured by assets are in Canada
• scoatiabank = more than 2000 branches in fifty countries

Question 4

Canadas cultural industry

Answer 4

• publishing, theatre, visual arts, music, film

- growing industry ( Canadas exports of culture products doubled between 1997-2006)

Question 5

Tax credit

Answer 5

A sum that can be deducted from the amount of tax owed by an individual or business
Ex.