Who is Richer Canada or the USA
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That's because Canada's economy depends a lot on how its much bigger neighbor to the south does. Canada will have a hard time getting out of its economic rut without a strong American economy. The Canadian economy has regained almost 90% of the output lost during the pandemic thanks to strong monetary policy and government spending. This sets the stage for what is expected to be the fastest rate of growth in a generation. The jobless rate and Canada's real GDP (SAAR)Some people say that Canada's economic boost program is the biggest since World War II. It was made to fight the virus and soften the blow of shutting down the economy last year. In a few weeks, the federal government will release its first new budget in almost a year and a half. Along with it, they are likely to make more steps to speed up the recovery. That being said, the American Rescue Plan and Canadian relief measures are what will wake up the economy People in the US are getting direct payments, whi...