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Canada Faces Recession Risks Amid Trade Tensions with US
Canada Faces Recession Risks Amid Trade Tensions with US
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Canada’s economy shows early signs of recession, with 34 Bloomberg-surveyed economists forecasting consecutive GDP contractions. A 1% Q2 2025 decline followed by a 0.1% Q3 drop would meet the technical definition. The slump stems partly from disrupted export flows due to US tariff threats under the TRUMP administration.
Export activity cratered as American importers front-loaded Canadian orders earlier this year, creating a projected 7.4% annualized drop. While businesses bear the brunt, analysts anticipate modest export recovery by year-end. The trade spat continues casting uncertainty over North American supply chains.
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