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
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