Reported about 7 hours ago
Top economists predict that Canada may enter a recession due to ongoing tariffs imposed by the US, which could slash GDP growth by up to 4%. The proposed retaliatory measures by Canada could exacerbate the situation, leading to increased consumer prices, rising unemployment rates, and a weakened Canadian dollar. Analysts stress that sustained tariffs over several months will deepen the economic contraction, potentially marking the first yearly decline in growth since the Covid-19 pandemic.
Source: YAHOO