Can't disagree more. Canada extracts resources and cuts trees and grows weed, period. That is it. Nothing else. All else is services: Telecoms, banks, and house flipping. Basically services that are priced through government blessings to exploit Canadians and produce nothing of value other than keeping the Canadian population connected and alive. Regarding Canada's value to the outside of the world, its basically commodities, that is it. All else is domestic transfer from the middle class to a few monopolistic corporations that are tightly connected to the government and get away with charging whatever they choose. The empty pockets of the middle class are then on a frequent basis refilled by taking on ever more debt and distributing it through all sorts of handouts.
If Canadian markets and companies are doing really well ( the earnings bests were massive this quarter so far ), the chances that US markets are about to crash is negligible. Canadian results are somewhat of a proxy on the health of the NA economy in sectors other then IT ( because IT has a small weight on our index ).