GDP: Canada vs. USA
There has been a lot of rhetoric about Canada's GDP / economy being so heavily dependent on real estate. Always comes up when folks would like to say the future of Canada isn't so bright when asking about investing in USD or converting their money to USD or investing in the US market only, etc.
Yet when we compare our GDP to USA it's really not that different.
Real Estate is #1 in both countries. Is the US economy heavily dependent on real estate?
4 of Canada's Top 5 industries are also in USA's Top 5 industries. - Outlier being professional services
9 of Canada's Top 10 industries are also in USA's Top 10 industries. - Outlier being the tech sector
The only major difference of note is obviously they have a much bigger tech sector and our construction sector (yes I know real estate construction plays a big role in this figure) is outsized compared to theirs. $The Toronto-Dominion Bank(TD.CA$ $TELUS Corp(T.CA$ $Canopy Growth Corp(WEED.CA$ $Bank of Nova Scotia(BNS.CA$
Yet when we compare our GDP to USA it's really not that different.
Real Estate is #1 in both countries. Is the US economy heavily dependent on real estate?
4 of Canada's Top 5 industries are also in USA's Top 5 industries. - Outlier being professional services
9 of Canada's Top 10 industries are also in USA's Top 10 industries. - Outlier being the tech sector
The only major difference of note is obviously they have a much bigger tech sector and our construction sector (yes I know real estate construction plays a big role in this figure) is outsized compared to theirs. $The Toronto-Dominion Bank(TD.CA$ $TELUS Corp(T.CA$ $Canopy Growth Corp(WEED.CA$ $Bank of Nova Scotia(BNS.CA$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment