Comparing Recent Economic Performance in Canada and the United States: A Provincial and State-Level Analysis

Conventional wisdom holds that Canada weathered the global financial crisis and recession better than most industrialized countries, particularly the United States. It is certainly true that overall, Canada has performed better economically than the United States immediately since the 2008-09 recession. For example, from 2010 to 2014 real (inflation-adjusted) gross domestic product (GDP) per person in the United States grew at an annual average rate of 1.2 percent while in Canada the rate was 1.4 percent.

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