This convergence has rarely existed within the triad over a relatively lengthy period of time. At the moment, the structural differences between America, Japan and continental Europe are becoming more evident. –  Or, the countries are otherwise willing to change parities quickly, as unobtrusively as possible and in a forward-looking manner.
In fact, Canada saw growth of 3.4 per cent in the first half of the year - much stronger than expected. Private sector forecasters now expect growth of three per cent for all of 2004, and 3.2 per cent growth in 2005.