Quote from achilles28:
Hate to break it to my fellow-Canucks: Canada is especially vulnerable to a slow-down in global trade from teetering juggernauts. As goes America and the EU, so goes the rest of the world (save China).
Canada gets lumped in with the rejects, albeit, we've got a lower debt-to-GDP (~80%) that affords us a year or two of Government pump-priming if and when the wheels come off. That won't be enough and Canada will have to take it's medicine too.
Anyone care to hazard a guess on the size of Canadian FIRE compared to GDP? That's the real ticking time-bomb here, gents. Outsource manufacturing, import speculative flipping and underwriting, and we've "innovated" another ponizified economy just North of the Border!