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A Canadian recession is unlikely, RBC says

Summary by Cantech Letter
Canada’s economy contracted modestly in April, with real GDP edging down 0.1% as U.S. trade disruptions led to a sharp decline in goods exports, RBC Senior Economist Claire Fan said in a June 27 report. The contraction was concentrated in a few key sectors, most notably manufacturing and wholesale trade, which both fell by 1.9% […] Source
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Cantech Letter broke the news in on Wednesday, July 2, 2025.
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