INSUBCONTINENT EXCLUSIVE:
The two nations share a 9,000-kilometer border, facilitating daily trade worth $2 billion and the movement of 400,000 people.This close
relationship has historically led to synchronized economic growth
However, recent years have seen a growing divide between the two North American giants.The COVID-19 pandemic marked a turning point in this
While both countries experienced initial setbacks, their recovery paths have diverged significantly.By the end of 2024, the United States
economy is expected to be 11% larger than it was five years prior
Canada, under controversial Justin Trudeau, in contrast, will have grown by only 6% during the same period.This disparity becomes even more
pronounced when considering population growth
(Photo Internet reproduction)This figure represents a significant decline from the 80% ratio maintained in the decade before the pandemic
ninth-poorest United States state, Canada now ranks just below Alabama, the fourth-poorest state
boosted Canadian manufacturing post-pandemic, they have since shifted their spending to domestic services
Unlike the United States , where most mortgages are fixed for 30 years, Canadian mortgages typically reset every five years.This difference
means that more Canadians have already faced increased mortgage payments due to rising interest rates
resembling European trends more than American ones
grown more slowly than all G7 countries except Germany since the pandemic
Immigration, once a reliable source of economic growth for Canada, now presents new challenges.The country has welcomed record numbers of
newcomers, but integration takes time
rising unemployment rates, which reached 6.6% in August 2024
The Bank of Canada has responded by cutting interest rates, but many borrowers still face higher costs.The government has also introduced
immigration restrictions, including a cap on international students
to United States economic levels
The country must address its structural issues to close the growing gap with its southern neighbor.Boosting productivity and navigating the
complexities of high immigration are crucial tasks for Canada
