Canada's Economy Contracts in Q2 Amid Export Challenges and Tariffs
TL;DR
Canada's economy shrank by 1.6% in Q2 due to a 27% drop in exports caused by US tariffs, marking the worst decline since the pandemic and prompting expectations of potential interest rate cuts by the Bank of Canada.
- Canada GDP: Economy Shrinks in Second Quarter as Exports Crushed Bloomberg.com
- Canada’s GDP shrinks more than expected as Donald Trump’s tariffs hit Financial Times
- Canadian economy shrinks 1.6% in 2nd quarter as U.S. tariffs squeeze exports CBC
- Canada’s tariff revenue surges – but nowhere close to Ottawa’s projections The Globe and Mail
- Canada's second-quarter GDP contracts, rate cut bets increase Reuters
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