Global Economy Surging; U.S. Still Sagging Due to Continuing Housing Bust and Dollar Crash

While the U.S. economy is sagging, Canada's — driven by a rip-roaring boom in commodities — is surging.
Just last week, we learned that Canada's jobless rate fell to a 33-year low of 5.9%, with wages rising at the fastest pace in at least a decade.
So while America frets about the excess supply of homes, the biggest issue in Canada right now is the shortage of labor.
Meanwhile, the Bank of Canada's quarterly business outlook survey paints a picture of an economy that's unfazed by what's happening across the border in the U.S.
The immediate consequence: The Canadian dollar catapulted higher by another 1.59 cents on Friday, closing the week at $101.85.
Our Canada expert Sean Brodrick, who helicopters to remote regions even most Canadians never see, explains it this way:
"Canada is the only country in the world that's largely driven by vast natural resources and has a modern, industrial democracy very similar to ours.

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