The 'sugar rush' effect: Why the U.S. economy is growing faster than Canada's
The American and Canadian economies are very similar. Inflation is decelerating, employment remains robust but one is growing by 4.9 per cent while the other is flirting with a recession.
![The 'sugar rush' effect: Why the U.S. economy is growing faster than Canada's](https://i.cbc.ca/1.7018069.1699036210!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/joe-biden-on-halloween.jpg)
![US President Joe Biden hands out candy to a child dressed as Black Panther during a Halloween celebration on the South Lawn of the White House in Washington, DC, on October 30, 2023. Elderly man hands candy to a child dressed up on Halloween.](https://i.cbc.ca/1.7018069.1699036210!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/joe-biden-on-halloween.jpg)
The American and Canadian economies are very similar. Inflation is decelerating, employment remains robust but one is growing by 4.9 per cent while the other is flirting with a recession.