Reliance on U.S. Growth

By
Real Estate Broker/Owner with Envelope Real Estate Brokerage Inc

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!

Posted by

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

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Ambassador
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Gerry Michaels
Glasswork Media Arts - Gettysburg, PA
GettysburgGerry Social Meida

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

August 20, 2010 05:16 PM #1
Rainmaker
333,351
Ty Lacroix
Envelope Real Estate Brokerage Inc - London, ON

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

August 20, 2010 05:28 PM #2
Rainmaker
895,352
Brian Madigan
RE/MAX West Realty Inc., Brokerage (Toronto) - Toronto, ON
LL.B., Broker

Ty,

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

Brian

August 20, 2010 11:27 PM #3
Rainmaker
333,351
Ty Lacroix
Envelope Real Estate Brokerage Inc - London, ON

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

Ty

August 21, 2010 07:54 AM #4
Rainmaker
447,863
Malcolm Johnston
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario - Trenton, ON
Trenton Real Estate

Ty that is very worrisome that we rely on something that we have absolutely no say in so heavily.

August 21, 2010 09:27 AM #5
Rainmaker
333,351
Ty Lacroix
Envelope Real Estate Brokerage Inc - London, ON

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

Ty

August 21, 2010 09:34 AM #6
Rainmaker
333,351
Ty Lacroix
Envelope Real Estate Brokerage Inc - London, ON

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

Ty

August 23, 2010 02:52 PM #8
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Ty Lacroix

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