With U.S. revving up, Canada should be ready to go along for the ride

February 4, 2013

The following is excerpted from the 3 February 2013 edition of The Globe and Mail.

There’s no shortage of gloomy news hanging over the Canadian economy these days. The banks have been downgraded, a housing correction has started, our oil sells at a steep discount, consumers are overstretched.

But the darkness may be obscuring a more positive story.

The potent U.S. economy is poised to shift into higher gear in 2013. Forget that U.S. gross domestic product unexpectedly retreated in the final three months of 2012. That was an aberration, caused by Hurricane Sandy and a temporary drop in defence spending, rather than a harbinger of another recession.

This article is available in its entirety at:
http://www.theglobeandmail.com/report-on-business/economy/with-us-revving-up-canada-should-be-ready-to-go-along-for-the-ride/article8155354/

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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