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Michael Fitzsimmons » Comments » CUD

  • Compared with Canada, U.S. Economy Looks OK [View article]
    Canada's economy may have contracted, but the combination of the following:
    1) better monetary policy
    2) energy resources
    3) gold and mining industries
    are superior to the US's. Long term, I suspect Canada's currency to outperform the US dollar. They are not sending $650 billion out of the country every year to purchase oil, and they don't have insane tax and spend policies piling up fiscal deficits. Sure the US is a major trading partner, so, from that aspect their economy can suffer some. That said, China and the Middle East have discovered the riches of Canada and over time Canada will be another Austrailia, if it isn't already.
    Jun 01 10:40 am |Rating: 0 0 |Link to Comment
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