China is in the process of overtaking Canada as top foreign supplier of non-energy products to the U.S..

Canada may even regain G7 leadership by the end of this period if, as we expect, the pace of U.S. activity moves down to a sub-3 percent trajectory for the first time in nearly half a decade.

Canada may even regain G7 leadership by the end of this period if, as we expect, the pace of U.S. activity moves down to a sub-three per cent trajectory for the first time in nearly half a decade.

Looking ahead, domestic demand will be increasingly fuelled by the growth of business investment to ease capacity bottlenecks and improve operational efficiency. In Canada, energy-related and productivity-enhancing expenditures will dominate business capital projects. In both countries, pressing demands for improved public infrastructure - for health, education and our major cities - will underpin overall capital spending.

The story for Canada just gets better. Canadian energy and mining stocks will continue to be driven by strong global demand for commodities.

I've only been to these foreign countries: Canada, L.A. and Miami.