Canadian Economy dependence on the US economy
by investor on 25/04/08 at 2:46 pm
The Canadian economy has proven to be a safe and predictable place to put your long term investments.
You’ve heard the old saying “When the U.S. sneezes, everyone else catches a cold.” Well, that does not completely hold true. Yes, it is true that the U.S. is a large economic power and a strong trading partner to Canada, but each time the U.S. economy has entered into a recession the Canadian economy only followed with a recession 2 out of 3 times. In the last 45 years, the U.S. economy has spent approximately 70 months in a recession, and the Canadian economy has spent approximately 44 months.
Another point is that in the past 45 years the US economy has spent almost 13% of that time in recession (with Canada only spending about 8% of the time in a recession). Don’t buy into the hype and fear!
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Apr 25th, 2008
[...] Canadian Economy dependence ont the US economy The Canadian economy has proven to be a safe and predictable place to put your long term investments. You’ve heard the old saying “When the U.S. sneezes, everyone else catches a cold.” Well, that does not completely hold true. Yes, it is true that the U.S. is a large economic power and a strong trading partner to Canada, but each time the U.S. economy has entered into a recession the Canadian economy only followed with a recession 2 out of 3 times. In the last 45 years, the U.S. economy has [...]