Canada Growth Risks Lagging U.S. as Exports Cool: Economy

Canada’s economic growth is at risk of falling behind the U.S. next year for the first time since 2006 as exports slow and spending by companies and consumers cools.

A lower-than-forecast increase in consumer prices reported today by Statistics Canada adds to evidence of a slowdown. Data this month showed the trade deficit widened in May and factory sales fell. Bank of Canada Governor Mark Carney this week lowered his growth projection for the world’s 10th largest economy this year to 2.1 percent from 2.4 percent.