“Economic growth in Canada will be, at best, close to potential for the next year, year and a half, where potential probably now is closer only to 2 percent. That growth could fall as low as 1.5 percent on a weaker-than- expected U.S. economy.
Canada’s economy is stronger than the U.S., but isn’t able to decouple from its main trading partner. For an economy that’s exporting about 70 percent of its exports to the United States and another 10 percent to the euro zone, the weakness in the United States implies that Canada cannot fully decouple from that economic weakness in the United States."
in a evening speech hosted by the C.D. Howe Institute in Toronto
Related ETFs: iShares MSCI Canada Index (ETF) (NYSE:EWC), CurrencyShares Canadian Dollar Trust (NYSE:FXC)