A Canada Bubble?
However, while Canada have relatively strong growth now, Canada's boom has been largely driven as this article points out by two cyclical sectors, commodities and housing, a story not dissimilar to that of Australia.
The fact that Canada's current account deficit unlike Australia's (its deficit has fallen significantly) have risen despite the increased revenue from commodity exports however indicates that the potential problems facing Canada are greater than Australia's.
If these two sectors were to experience dowmnturns at different times, Canada might get away with a "soft landing". If however they go down simultaneously, then Canada will face a deep slump.