That said, since Canada’s trade share of the economy is considerably larger than Australia’s, the smaller size of the terms of trade rise in Canada still imparted a pretty significant boost to national income. Income gains driven by the terms of trade are generally expansionary.
Accounting standards What can be done to restore confidence in financial reporting? On a global level, the International Accounting Standards Board (IASB) is working hard to deliver a set of high quality standards as soon as possible. But it is not easy. Why? The first complication is the increasing difficulty of proper measurement.