shalab Posted November 20, 2016 Share Posted November 20, 2016 We had a heated debate on US presidential race, now time for a discussion on Canada as we have so many board members who are very familiar with Canada. Here are some factors to consider: Housing prices in Canada are more expensive than the U.S. where the average is around 189K per Zillow. http://www.livingin-canada.com/house-prices-canada.html http://www.zillow.com/home-values/ Consumer taxes in Canada are higher than the U.S. Average wages are higher in Canada than the U.S http://www.livingin-canada.com/work-salaries-wages-canada.html http://www.tradingeconomics.com/united-states/wages Finally, the US trade deficit with Canada is dropping - it is expected to be the lowest this year since 1992 (pre NAFTA). While this can be partially attributed to drop in commodity prices, likely this is due to the strength in Canadian economy and the wealth of citizens. http://www.freedomthirtyfiveblog.com/resources/median-and-average-net-worth The median net worth of a Canadian household is much higher than that of a median American house hold. Canadian GDP is at 1.8 trillion, the U.S Trade (export+import) is about a third of the economy. Inspite of the commodity crash, the GDP has continued to grow - building on the wealth from last decade. The questions are as follows: Canadian GDP and wealth will grow in the next five years Candian GDP and wealth will stagnate/decline in the next five years Canadian currency will decline further in the next five years Canadian currency will appreciate against the U.S dollar in the next five years Canadian govt offers better(and more) services to its citizens compared to US Link to comment Share on other sites More sharing options...
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