Canada soars as the US slows

Canada is set for strong growth as the housing market booms, the Canadian dollar appreciates and unemployment remains low. The US is a different story with the economy set for a slowdown. The housing boom is coming to an end and high oil prices are taking their toll on consumer spending. Peter Frank, senior FX strategist at ABN Amro, says: "US growth has hit the ceiling, but there is much more room for development in Canada. It is likely Canada will outperform the US over the next few quarters, now the business cycle in Canada is jumping ahead. External demand has been higher in the count...