'On the verge of recession:' Trump tariffs slam Canada, new GDP numbers show

News Room
By News Room 6 Min Read

The signs have been there all along, but now the evidence is clear: U.S. President Donald Trump’s tariffs have been killing Canadian economic growth. 

The economy contracted more than many economists expected in the second quarter of 2025, reigniting fears that a “technical recession” — defined by two consecutive quarters of negative gross domestic product (GDP) — is looming. 

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