Why is Canada’s economy falling behind America’s?
The country was slightly richer than Montana in 2019. Now it is just poorer than Alabama
The economies of Canada and America are joined at the hip. Some $2bn of trade and 400,000 people cross their 9,000km of shared border every day. Canadians on the west coast do more day trips to nearby Seattle than to distant Toronto. No wonder the two economies have largely moved in lockstep in recent decades: between 2009 and 2019 America’s GDP grew by 27%; Canada’s expanded by 25%.
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This article appeared in the Finance & economics section of the print edition under the headline “Maple and pears”
Finance & economics October 5th 2024
- Xi Jinping’s belated stimulus has reset the mood in Chinese markets
- Why is Canada’s economy falling behind America’s?
- A tonne of public debt is never made public
- Can Andrea Orcel, Europe’s star banker, create a super-bank?
- The house-price supercycle is just getting going
- Why economic warfare nearly always misses its target
From the October 5th 2024 edition
Discover stories from this section and more in the list of contents
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Could war in the Gulf push oil to $100 a barrel?
Missiles are flying over a region that supplies a third of the world’s crude
How bond investors soured on France
They now regard the euro zone’s second-largest economy as riskier than Spain
Can Andrea Orcel, Europe’s star banker, create a super-bank?
An interview with the boss of UniCredit
Why economic warfare nearly always misses its target
There is no such thing as a strategic commodity
A tonne of public debt is never made public
New research suggests governments routinely hide their borrowing
Xi Jinping’s belated stimulus has reset the mood in Chinese markets
But can the buying frenzy last?