- The decline of exports to the US
- Financial contagion
- Housing markets
- Consumer confidence
Personally, I'm convinced that Canadians just can't stand seeing the Americans outdo us in anything. So if they want to run their economy over a cliff like lemmings into the sea, then by golly gosh, we have to show them that we are can do a good lemming imitation to preserve our honour as almost-Americans.
Seriously, I was happier with an earlier post by Stephen Gorden which showed how much healthier our employment was than the US. As you can see we are still growing our employment while employment is actually shrinking in the US:
This divergence is even more obvious if you look at the level of employment and not at the rate of change: