Canadians had better start following the growing fears of a double-dip U.S. recession. The health of our economy in Ontario is more closely tied to the overall U.S. economy than most provinces or for that matter, most U.S. states.

If the world's largest economy tanks (U.S.), trade dependent Ontario falls harder than places not as reliant on U.S. growth.

Below is how dependent Ontario, other key U.S. trading partners and other provinces are on the U.S. growth for their own economic growth.

  • Ontario 80.8%
  • Quebec 75.3%
  • Michigan 68.7%
  • Ohio 68%
  • New York 59.1%
  • British Columbia 57.6%
  • Alberta 56.8%
  • Pennsylvania 55.8%

This is pretty worrisome for manufactures and should be for all of us. The sky is not falling, however, buy North American products, vacation in North American and invest in North America!

Ty Lacroix Broker of Record & Owner

          

'NOT ALL REALTORS* ARE THE SAME', One call or email to me and you will know why!

Your London and S/W Ontario source for results!

519-435-1600   www.enveloperealestate.com

 
This post has been included in Ontario Real Estate News
Post is included in group: ActiveRain Guerrilla Marketing Station
Post is included in group: Canada, eh
Post is included in group: Dedicated Bloggers
Post is included in group: Ontario Real Estate and Information

8 Comments on Reliance on U.S. Growth

AUG
20
2010
532,055 Points 45 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Ty, with our current leadership I am not expecting anything positive, I am however hoping for change come November, this was an experiment that simply fell flat on its face
5:16pm • #1
333,351 Points 4 Featured Posts

Gerry, as you can imagine most of us in Canada follow the events and verbatim among your political leaders and opposition. I am a firm believer in if you want change, vote.

I for one have a strong belief in America and feel that your economy and people will survive and hopefully have learned a lesson or two about economical naivety, economic greed and head in the sand mentality.

I should add that most Canadians fall in that category as well.

Ty
5:28pm • #2
868,771 Points 5 Featured Posts

Ty,

While that's shocking, it's really not surprising. We have the good fortune of manufacturing and access to a great market.

Brian
11:27pm • #3
AUG
21
2010
333,351 Points 4 Featured Posts

Brian, we do and should not take it for granted.

Ty
7:54am • #4
447,681 Points 11 Featured Posts Outside Blog Called Shot Master

Ty that is very worrisome that we rely on something that we have absolutely no say in so heavily.
9:27am • #5
333,351 Points 4 Featured Posts

Malcolm, that is a great observation and more reason to follow the U.S. economy

Ty
9:34am • #6
AUG
23
2010
174,988 Points 2 Featured Posts Localism Sponsor

Yikes! Thanks for the heads up.
2:19pm • #7
333,351 Points 4 Featured Posts

John, yes, very few realize how important the market is in the U.S.

Ty
2:52pm • #8


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 

Find ON real estate agents and London real estate on ActiveRain.