Gap between Canada and the United States economies is widening

Canada is falling behind the United States in economic growth. Photo by Getty Images

Sharing the largest international border in the world, few countries have had as close economic ties as Canada and the United States.

America is Canada’s largest export market, and Canada is one of the biggest sources of imports for the U.S., so in the past if their economy did well, so did ours.

“Canada’s future, however, may depend less on its U.S. relations,” wrote Paul Edelstein, a senior economist with Moody’s Analytics in a recent report.

Moody’s charted the path of the two economies and discovered a growing gap that it predicts will only get wider.

Canada and the United States grew at pretty much the same pace between 2010 and 2017. U.S. real gross domestic product rose by 20 per cent durin