Thursday, May 31, 2007

Oh! Canada in the lead?

News about Canada's economy might not be too exciting, but here's what today's Bloomberg article reported: "Canadian growth surpassed that of the U.S. economy for the first time since the fourth quarter of 2005."

Why? You guessed it...the housing slump (as one of several factors). As reported, "The U.S. economy grew last quarter at a 0.6 percent annual rate, the weakest in more than four years, as housing slumped, the trade deficit widened and businesses reduced inventories."

Here's the full article: http://www.bloomberg.com/apps/news?pid=20601082&sid=a1dhkNV54dFo&refer=canada

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