Economists signal early recession amid US-Canada trade war

Friday, May 23, 2025, 2:21 pm

Amid escalating tensions with the United States, economists are warning that Canada might already be slipping into a recession. Citing a contraction in exports, declining labour market activity, and tepid household spending, experts are urging policymakers to address the growing economic headwinds without delay.

nationalpost.com / Canada recession has already begun as trade war rages on, economists say

The trade dispute with Canada’s closest trading partner is hitting the labour market and household consumption

torontosun.com / Canada recession has already begun as trade war rages on, economists say

Canada’s economy is likely in the early stages of a recession, according to forecasters, as unemployment rises and exports fall because of a trade war with the US. Economists surveyed by Bloomberg say output will shrink 1% on an annualized basis in the second quarter and 0.1% in the third quarter,…

permalink / 2 stories from sources in 6 hours ago #economy #trade #usrelations #canada

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