PARADISE VACATIONS COMPANY Case Solution
It can be seen in table 2 that consumer confidence is increasing, the disposal income is increasing from previous results which is favorable change for the tour operating industry, it is also evident from the fact the consumer spending has increased from last year, so in general the economy is moving in the right direction the Canadian economy is finally gathering momentum.
On the other hand the capital markets in the Canada are in the shape of Toronto stock exchange the eight largest in the world in terms of its market capitalization, there are other investment banks such as RBC operating in the capital markets.
Table- 3 capital markets
|Interest Rate||0.5Â %||0.5|
|Interbank Rate||0.89Â %||0.89|
|Banks Balance Sheet||5049068Â CAD Million||5050451|
|Central Bank Balance Sheet||100743Â CAD Million||100534|
|Foreign Exchange Reserves||84298Â USD Million||83922|
|Loans to Private Sector||324676Â CAD Million||334758|
|Foreign Stock Investment||17169Â CAD Million||15936|
Now if we look at the capital markets foreign stock investments are increasing as compared to last year the debt and equity markets are working fine as it can be seen that figures are increasing from last year which is also depicting the positive movement in the markets.
capital markets, indicating that there is room for improvement in certain areas.
PESTEL ANALYSIS AND GLOBALIZATION
Canada is at 15th place on the political stability index which means that political stability and factors cannot adversely affect the tour operation industry. In terms of economy, the Canada has shown the growth in the economy of 2.44%, the foreign direct investment is also increasing. Socially in terms of GDP per capita, Canada is in the 20th place which also indicates that the citizens should have disposal income if their country has Gdp per capita at 20th worldwide. The corporate personal and sales tax are stable and are not increasing. The people are fun-loving in Canada and they want to spend on tourism, Canada also attracts people from around the globe. Canada is very high tech, although some tech is based on American research; this country has helped make much of the technology we use today. Technologically the country is at 8th place just behind the Great Britain.
Canada has almost 30% of the land area in the shape of the forest. They have some key regulations in place in order to preserve forests and environment which is ultimately beneficial for tourist industry because they also need that preservation locally to attract tourists……………………
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