Canada Economic Analysis: A Resilient Economy
Canada has one of the most resilient economies amongst the developed nations. This stems both from a better regulated and less leveraged financial market, which did not allow debt levels to get out of hand, and from the depth of its natural resources. These are exported to the US, but also increasingly meet growing demands from China and other emerging markets. Although exports only form one third of the economy, the fact that financial markets are stable and exports haven’t crumbled continue to support domestic spending.
