Posted 1/30/2024, 9:02:46 PM
Canadian Economy More Fragile Than U.S. Despite Immigration Boost, While American Growth Largely Stimulus-Driven
- Canadian economy is more "fragile" than the U.S., masked by immigration and population growth
- U.S. benefiting from "monumental fiscal stimulus" like the Chips Act supporting growth
- Much of U.S. economic growth in 2022 came from fiscal stimulus
- U.S. has a large, closed economy while Canada's is small and open, more impacted by global events
- Canadian economy more sensitive to flattening EU data and Chinese deflation