How is Canada affected by the american deficit?

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How is Canada affected by the american deficit?

2006-10-31 05:02:01 · 2 answers · asked by bernard j 1 in Social Science ➔ Economics

2 answers

The US buys 80% of Canada's exports, so any problem in the US economy effects Canada. If the deficit is not controlled is will cause US interests rate to rise, and slow down economic activity. It is very complicated , because much of the US debt is financed outside the US, but economists are worried.

2006-10-31 10:44:39 · answer #1 · answered by meg 7 · 1⤊ 0⤋

They get to make fun of us.

2006-10-31 13:08:21 · answer #2 · answered by Rocker Chick 4 · 0⤊ 0⤋