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In 2024, Canada's federal government spending reached unprecedented levels, with the Trudeau government's spending patterns marking significant records in the economic history of Canada. Between 2018 and 2024, the administration recorded the seven highest years of per-person spending in Canada's history.
The economy expanded by 0.4% in August, missing estimates, and looked set to show no growth in September, when supply chain issues crimped auto exports and retail sales declined, Statistics Canada ...
Canada sees an opportunity in U.S. President Joe Biden's push to achieve a carbon-free electrical grid by 2035: hydropower exports. With Canadian crude exports taking a hit from Biden's decision ...
Bessent acknowledged signs of a slowed economy after a weeklong plunge in the stock market, precipitated by President Donald Trump's new tariffs on Canada and Mexico, and a new jobs report Friday ...
The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1]
The economic statement was eventually released at 4:11 PM EST that same day, and presented in the House of Commons by Government House Leader Karina Gould. The statement showed a deficit of $61.9 billion for 2023–24, exceeding Freeland's target of $40.1 billion or less, and left Trump's tariff threats largely unaddressed.
The Loonie traded at its weakest intraday level since the start of the pandemic a day after Canada's finance minister resigned. Canadian dollar slumps as Trudeau’s government teeters on collapse ...
In a news conference on March 4, Trudeau said that Trump sought to impose tariffs because he wished for "a total collapse of the Canadian economy" to "make it easier" for the U.S. to annex Canada. [30] He said called Trump's decision to impose tariffs "very dumb", and said Canada would "not back down from a fight". [65]