The drop was largely due to contraction in the goods and services sectors. Analysts had predicted that growth would dip by 0.2 per cent ahead of the release.
OTTAWA — Canada's economy contracted in the second quarter as U.S. tariffs and trade uncertainty tanked Canadian exports. But few economists are raising the alarm about Canada possibly being in a ...
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Canadian economy falling into recession thanks to Trump tariffs, Crown corporation forecasts
OTTAWA — A Crown corporation is forecasting that the Canadian economy will officially fall into a recession this calendar year, part of a global downturn directly linked to U.S. President Donald Trump ...
TORONTO, April 24, 2025 /CNW/ - The Canadian economy is estimated to see muted growth in Q1 2025 and expected to see significant contraction in the second quarter of the year, finds the latest Main ...
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