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Canada’s economy has already showed vulnerability coming out of a period of inflation, causing the country’s central bank to cut interest rates much faster than the Federal Reserve.
By 2024, Canada experienced a significant economic divergence from the United States, marking a departure from decades of parallel growth. This shift became particularly pronounced after 2022, with Canada's per-capita national income falling to approximately 70% of U.S. levels, down from 80% just five years earlier.
“You can’t take our country," the prime minister wrote on X last month, after Canada defeated the U.S. in the 4 Nations Face-Off men’s hockey championship. "And you can’t take our game ...
Canada's Finance Minister Chrystia Freeland quit on Monday after clashing with Prime Minister Justin Trudeau on issues including how to handle possible U.S. tariffs, dealing a huge blow to an ...
PSAC strikers outside a CRA office in Surrey, British Columbia. On April 7, the CRA bargaining group voted to enter a legal strike position. [21] On April 12, the national president of PSAC, Chris Aylward, announced that the Treasury Board bargaining unit had voted overwhelmingly in favour of entering into a legal strike position, thus granting the group a 60-day window to initiate a labour ...
Canada, a highly trade-dependent economy, will also likely suffer, experiencing harmed economic growth and increased prices for businesses and consumers. [2] The Canadian economy could enter a recession within six months if the tariffs are maintained. [ 71 ]
Freeland, who was then foreign minister, played a large role in helping renegotiate the pact and saving Canada's economy, which is heavily reliant on the United States.
During the COVID-19 pandemic in Canada, statistics showed that the housing sector grew, but much of the rest of the Canadian economy did not. Jeremy Kronick, associate director of research at the C.D. Howe Institute specified that "data from Statistics Canada show that, for the first time on record, investment in the housing market is now ...