U.S. Economic Resilience and Cross-Border Comparisons

This chapter examines the surprising strength of the U.S. economy in 2024, focusing on resilient GDP growth and the vital role of consumer spending. It contrasts the U.S. mortgage market with Canada's while addressing potential economic forecasts amid political shifts and tariff threats. The discussion includes implications for both countries' fiscal policies and interest rate strategies, along with a look at the future of the Canadian dollar and real estate market.