Cross-Border Tensions Heighten Uncertainty
In this monthly report, we analyze the latest economic trends and provide a real-time forecast of Canada’s real GDP growth.
With U.S. trade policy eroding both business and consumer confidence in Canada, what is the outlook for the Canadian economy vis-à-vis GDP growth, finances, retail and manufacturing sales, and employment? How would prolonged tariffs affect not only trade but also jobs and investment, and which facets of the economy could be hit the hardest? Can Canada’s proactive stance in addressing its key challenges mitigate the worst as it redefines its position on the global stage? We share our outlook for the Canadian economy in the second quarter of 2025.
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