December 14, 2014 - It has become increasingly clear over the past few weeks that North America stands out as a bright spot in an ever-challenging global economic environment. Real GDP in the United States grew an annualized 4.2% in the second and third quarters, and U.S. manufacturers remain mostly optimistic about the next year. Indeed, the U.S. economy is expected to expand by around 3%, its fastest rate in a decade. Likewise, Canada and Mexico - our two largest trading partners - have made improvements in their respective economies since earlier this year. Canada has the distinction of having the highest purchasing managers' index (PMI) of any of our top 10 trading partners, holding steady in November at 55.3.
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