Canada is very dependent upon the United States for any number of things, both economic and geopolitical. I wouldn’t crow too loudly or too long about the rise of Canada at US expense. If we go down we’re dragging you right behind us.
There’s no question that our economic fortunes are tied to those of the USA; that’s one of the reasons we’re looking to export more of our resources to Asia. Proximity to the Yanks has done wonders for us, but anything to broaden our markets is a good thing.