Canada's overall numbers are not as impressive, but they reflect the growth rotation that will see exports and business investment grab the baton from the consumer and housing sectors. Conditions already favour export growth: a weakening loonie, a surge in leading sectors, a key export market that is leading the way, and strong demand for resources.
As a nation built to a great extent on immigration, Canada boasts a rich ethnic diversity. Census data show that by far, the largest group has its roots in Western Europe. Analysts and policymakers often lament that economic growth does not reflect this makeup. Within the diaspora in Canada is a hidden goldmine of opportunity to further connect and trade with the fastest-growing markets of the world.
Economically, Canada is doing fine and has taken action to address challenges, but a recent series of events and articles from Washington think tanks claim that the United States can fix its fiscal and economic problems by imitating Canada. Justin Bieber can sing "Never Say Never" forever, but I'll still stick with never.