The slowing US Economy will not effect Canada??

There seems to be an opinion out there that the slowing US economy will not effect Canada. This article goes against that claim.

StatsCan shows October factory shipments hit lowest level in ...

"Statistics Canada said manufacturers shipped goods worth an estimated
$47.7 billion in October, down 0.1 per cent from September and the lowest level
since December 2004. The drop was less than the 0.5 per cent drop that markets
had forecast, but still showed that manufacturing is struggling with a number of
factors, including the high dollar and the weaker U.S. economy.
The slump in
the U.S. housing market and a restructuring auto sector led by the Big Three
carmakers has cut demand for everything from Canadian lumber, cement and
appliances to auto parts and assembled cars and trucks.
Analysts say the data
will be more grist for the Bank of Canada as it mulls interest rate cuts next
year."

While our biggest customer is slowly moving towards a recession it would be hard not to think that this could not effect us.

If our economy starts to slow done because of what is happening South of the Border I am sure there will be an effect on our housing as well.