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    Canada's Economy Casts a Long Shadow Over its U.S. Counterpart

    By , Money Morning - July 21, 2010

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Article Index

  • Canada's Economy Casts a Long Shadow Over its U.S. Counterpart
  • Canadian Stocks Surge, Bank of Canada Lowers Interest Rate One Quarter Point

Canada's Economy Casts a Long Shadow Over its U.S. Counterpart

By , Money Morning - July 21, 2010

Canada's economy has consistently outperformed that of the United States since the beginning of the financial crisis. And while it's showing signs of slowing down, Canada's pending decline will be far shallower than that of the United States, and its rebound more dynamic.

Canada's gross domestic product (GDP) expanded by 6.1% in the first quarter of the year - the highest rate of growth among developed nations - and the country is expected to lead Group Seven (G7) nations in economic growth for at least the next two years.

The reasons are many:

  • Canada's banking system is sound.
  • It has a generous bounty of resources.
  • Its economy is more service-based than it's been in years past.
  • Corporate interests have less influence over government policy.
  • And it has far less government debt.

Read More…

Canadian Stocks Surge, Bank of Canada Lowers Interest Rate One Quarter Point

By , Money Morning - January 23, 2008

By Mike Caggeso Associate Editor The Toronto Stock Exchange gained a whopping 477.22 points yesterday (Tuesday), reversing most of Monday's losses - a 3.93% gain and its best daily performance in five years - after the Bank of Canada cut its main interest rate by a quarter point to 4%. The Canadian dollar also rose […]

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