House: Housing, Auto Sales To Dampen Canadian 2017 Growth

The video discusses economic trends in the US and Canada, highlighting the momentum in the US economy before Trump's election and the limited immediate impact of his policies. It covers NAFTA's potential updates and their implications for Canada-US trade. The global economic outlook is positive, with growth expected in 2017. In Canada, housing and auto sales are slowing, and export sectors face capacity constraints. Fiscal stimulus is crucial for maintaining growth above potential.

What was the state of the US economy before Trump's election according to the transcript?

• It was experiencing a recession.

• It was declining rapidly.

• It was stagnant.

• It was already gaining momentum.

What are the two main areas of focus in the NAFTA discussions mentioned in the transcript?

• Tariff adjustments and labor laws

• Rules of origin and dispute settlement

• Environmental regulations and digital trade

• Currency exchange rates and immigration policies

How is the Canadian economy expected to perform in relation to the global economy?

• It will decline while the global economy grows.

• It will track the global economy's growth.

• It will grow faster than the global economy.

• It will grow at the same rate as the global economy.

What is one of the constraints on the Canadian economy's growth mentioned in the transcript?

• High consumer indebtedness

• Lack of skilled labor

• Over-reliance on technology

• Excessive government regulation

What role does fiscal spending play in Canada's economic growth according to the transcript?

• It is negligible and not impactful.

• It is critical to keeping growth above potential.

• It is only important for short-term growth.

• It is primarily focused on reducing debt.