Trump says US doesn’t need Canada. economy says otherwise
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Statistics Canada is set to release second-quarter gross domestic product data Friday in Ottawa. Economists surveyed by Bloomberg expect the economy expanded at a 3.4 per cent annualized pace, the fastest since the end of 2023 and a rebound from nearly a year of weakness.
Both countries will suffer from the trade war with steeper tariffs raising business costs and consumer prices.
The Canadian economy appears to be on track to eke out growth between July and September, likely bouncing back from a second-quarter contraction but remaining weakened by US tariffs. Industry-based gross domestic product expanded by 0.1% in September ...
Three of Canada's big banks shared cautiously sunny outlooks for the economy on Thursday, sharply contrasting expressions of anxiety and frustration from scores of smaller businesses grappling with the fresh reality of a full-blown trade war with the United States.
The Bank of Canada says Middle East geopolitical tensions and U.S. trade risks are now the biggest threats to Canada’s economy, replacing tariffs as the top concern. High oil prices are boosting Canadian exports, government revenues, and the trade ...
The Canadian economy rebounded sharply from the initial damage of the trade war as the country’s growth drivers shifted to housing and government spending. Canada’s gross domestic product rose at a 2.6% annualized pace in the third quarter, Statistics ...
Canada’s private-sector activity remained soft in January, with the S&P Global Canada Composite PMI coming in at 46.4, slightly below December’s 46.7. Manufacturing stabilized in January, while services fell to 45.8 from 46.5, with the latter the main ...
Canada has slipped into a technical recession for the first time since the pandemic, after Statistics Canada reported on Friday that the economy contracted for a second consecutive quarter, a result that caught economists and markets by surprise.
Finance Minister Nirmala Sitharaman and Canadian counterpart Francois-Philippe Champagne held the inaugural Economic and Financial Dialogue to boost cross-border investments, fintech, and critical minerals.