Oh Canada!


Word out of the great white north is that Canadians are now more wealthy than Americans for the first time ever.  Several factors have contributed to this new development but the biggest without question would be the collapse in the US housing market, which in turn torpedoed Americans wealth since a house is most people’s biggest asset.  Besides the housing market the economy in Canada is stronger with unemployment at around 7.2% in Canada vs. 8.2% in America.  The real question is whether or not a long-term trend will develop where Canada is consistently more wealthy as America continues to struggle with extricating itself from the meltdown in 2008?  Only time will tell.



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s