The Canadian Economy
November 2nd, 2006
Canadian equity markets in the long term are going higher. The Canadian real estate market is going to see more positivity than the U.S. market in the future.
U.S. trace deficit last year was $726 billion. Today their deficit is $600 billion. The U.S. is importing more than they are exporting. The U.S. buys goods from China and Japan and the U.S. dollars flow to their countries. China and Japan now hold 42% of the U.S. debt. As the U.S. goes further in debt and prints more money to offset deficits, it casues hyperinflation. As a result the Canadian dollar's value begins to become par with the U.S. dollar.
U.S. debt is currently $8 trillion and climbing.