Economical factors bu111

Economical factors bu111 - Economical Growth Canadas energy...

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Economical Growth Canada’s energy sector continues to remain steady, if not, grow economically. This sector is continuously attracting investors to Canada’s market, and resulting in a positive impact on its GDP. One way this sector is attracting large amounts of investors is by remaining environmentally friendly. For example, Canada’s energy industry is individually tackling challenges to develop a greener image which is essentially safer and looked for in society. In addition, renewable energy including wind and hydropower are also fueling Canada’s general economic growth. Wind energy alone has contributed a total of 1.7 billion in new investments in the year 2010. Essentially, with all the alternations, and various expansions being made, it is highly evident that the energy sector is currently undergoing the ‘Growth’ stage of the business cycle. Various sources of energy are becoming widely recognized and oil/coal mines are being altered to be more environmentally friendly due to global warming. High Oil Prices
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Economical factors bu111 - Economical Growth Canadas energy...

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