Prices take a hit when U.S. economy slows, not exports
July 11, 2011
The following is excerpted from the 11 July 2011 edition of The Globe and Mail.
“When the U.S. sneezes, Canada catches cold.” I don’t know who came up with that expression, but it’s been used pretty much every time that someone tries to connect bad U.S. economic news to Canada. A case in point is last Friday’s U.S. labour market release...
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