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Article: Canada has the upper hand: normally the follower, Canada is actually leading the U.S. economy in several important areas.(CANADA)
- Article from:
- Metal Center News
- Article date:
- November 1, 2007
- Author:
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[ILLUSTRATION OMITTED]
THOUGH CANADA'S ECONOMY usually follows wherever the United States leads, America's neighbor to the north is taking a different, more prosperous path these days.
In 2006, GDP growth in the two countries was about the same at around 2.8 percent. This year Canada will hit 2.5 percent, while the United States dips to a 1.9 percent pace, estimates Aron Gampel, vice president and deputy chief economist with Scotiabank in Toronto.
"Our forecasts put Canada in the range of 2.0 to 2.5 percent over the next couple of years, while the U.S. will be at 1.5 to 2.0 percent," he says.
Canada is maintaining a faster growth rate ...