Canadians have been patting themselves on the back in recent years over the country’s economic resilience in the wake of the financial crisis, but if recent data is anything to go by, our days of economic supremacy may be numbered.
Canada’s economy grew at slightly more than one-fifth the pace of the U.S. economy in the third quarter of 2012, according to data from StatsCan and the U.S. Bureau of Labor Statistics. While Canada’s growth amounted to 0.6 per cent at annualized pace, the U.S. saw GDP growth of 2.7 per cent in the same period, according to recently revised figures.
Canada’s economy grew at slightly more than one-fifth the pace of the U.S. economy in the third quarter of 2012, according to data from StatsCan and the U.S. Bureau of Labor Statistics. While Canada’s growth amounted to 0.6 per cent at annualized pace, the U.S. saw GDP growth of 2.7 per cent in the same period, according to recently revised figures.