Canada's Economy: Headed towards Crisis or Superstar Status?

Canada's Economy: Headed towards Crisis or Superstar Status?

This morning's news: The National Interest plumbs the direction of the Canadian economy; Ontario insurance sellers doing all right; Major fund managers squaring off over bonds; Canadian banks continue to report strong wealth management business; inter-provincial trade; Canada's unexpected export leaders; Brian Mulroney has a new job; the City of Calgary is spending like a drunken sailor.
An article questioning the direction of Canadian economy is running in the pages of well-known U.S. conservative publication, the National Interest. The article wonders if the economy is headed for disaster or superstar status. The report points out that while American consumers have deleveraged somewhat after the economic recession Canadian consumers continue to take on debt. Home prices here also continue to inflate. The worries are balanced against the fact Canada has a much more stable banking system and that total debt to GDP levels are lower here.

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