Quote:
Originally Posted by opendoor
The US economy isn't really surging though ~2.5% GDP growth when the government is running deficits equivalent to 6-7% of GDP isn't really the sign of a strong market-based economy, it's the government inducing activity through borrowing money. There's a reason why the market is pricing in 3 rate cuts in 2024 in the US (vs. Canada's 4).
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In terms of total production, I'd say Canada is falling behind, and this has been a trend for quite some time. Canada getting their deficit under control is a fairly new thing.