North America gets mixed reviews

There has been positive news for North America with GDP figures being revised upwards and an increase in job growth. However, not all parts of the economy are performing well. In Canada, exports are struggling because of the surging Canadian dollar and profit margins in the US pharmaceutical industry have been weakened because of cheap imports from Canada. Gil Knight, senior fund manager at Gartmore, says: "The US economy looks good at the moment. GDP estimates have been raised for this year from around 4.2% to 4.8%. The numbers in terms of industrial production are continuing to sh...