Tariffs Hit GDP, Ottawa Tries to Talk Trade with the U.S. and Canada Post Reports Biggest Quarterly Loss Ever: Must-Read Business Stories

Tariffs hit GDP, Ottawa tries to talk trade with the U.S. and Canada Post reports biggest quarterly loss ever: Must-read business stories

Plus, a small town’s fight to stop a new landfill has big implications for Ontario’s waste, and young people struggle to find work in a flatlining job market

Canadian Economy Contracts 1.6% in Q2 Amid Rising U.S. Tariffs Impacting Exports

Canada’s economy contracted by 1.6 percent in the second quarter, marking a sharp slowdown driven largely by declining exports amid escalating U.S. tariffs, according to recent data released by Statistics Canada. The unexpected dip highlights growing challenges for the country’s trade-dependent sectors as rising protectionist measures from the United States exert pressure on cross-border commerce. Economists warn that prolonged tariff disputes c…