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%.
Explore more
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
Explore the editionMore from Finance & economics
Don’t let Donald Trump see our Big Mac index
America’s tariff-loving president could learn the wrong lessons from international burger prices
Will America’s crypto frenzy end in disaster?
Donald Trump’s team is about to bring digital finance into the mainstream
Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful