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How the Canadian economy can continue to benefit from U.S. battle with China


When Jerome Powell, the world’s most powerful central banker, meets with the media this Wednesday, nobody expects him to say the soaring inflation we’re seeing has forced him to hike interest rates.

Despite data out last week showing year on year inflation has shot up to levels unseen for 13 years, most economists expect the U.S. Federal Reserve is not yet ready to end the stimulus low rates offer to an economy that has once again become an engine of North American and global growth.

Some worry Canada will be left out of the hot U.S. economic revivial, due to the U.S. Buy America strategy, but a series of developments last week offer evidence that this country can continue to profit by supplying the needs of its bigger neighbour.

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