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Canada's economy will likely slow down in 2026 as the trade war and tariffs continue to impact business investment and consumer spending, according to Deloitte.
The Canadian Press on MSN
Deloitte warns of tepid consumer spending as Canada’s economy slows
A new report forecasts Canadian growth will slow to 1.5 per cent this year from 1.7 per cent in 2025. Dawn Desjardins, chief economist at Deloitte Canada, said she is cautiously optimistic though that the economy will gain momentum through the second half of the year.
Santa came with another positive surprise for the US, but despite the snow, there wasn't any Christmas miracle for Canada. The US GDP release was indeed a strong hit, coming in at an annualized 4.3% (with the price index for Q3 coming in at 3.7% vs. 2.7% expected).
Canada’s economy contracted at a sharper pace than forecasted in the second quarter as exports pulled back in the face of US tariffs, Statistics Canada said on Friday. The economy shrank by 1.6% on an annualised basis in the three months to June 30 after ...
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 retail sector enters 2026 shaped by a K-shaped economy, cautious consumers, rapid delivery, AI discovery, and mounting pressure on malls.
Canada's services economy remained in contraction in December as trade uncertainty weighed on employment and client spending, S&P Global's Canada services PMI data showed on Tuesday.
Extreme weather events have dropped out of Canada’s top five risks in the latest WEF survey, as executives zero in on economic, social and technology threats
President Trump’s tariff war is starting to take a dramatic hit on the Canadian economy. Canada’s economy shrunk at a higher than expected 1.6 percent annual rate in the second quarter due to significant declines in exports to the United States ...
(CNN) — The status quo is not going to cut it for Canadian Prime Minister Mark Carney at his Tuesday meeting with President Donald Trump in Washington. (CNN) — The status quo is not going to cut it for Canadian Prime Minister Mark Carney at his Tuesday ...