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Trade Clarity to Help Canada’s Economy Rebound After Modest Recession: Deloitte

  • Some economists view Canada's tariff dispute with the United States positively, suggesting that the economy may avoid worst-case scenarios from the trade war.
  • Deloitte Canada forecasts a modest recession in the second and third quarters of the year due to tariff-induced uncertainty, yet anticipates real GDP growth of 1.1% this year.
  • Desjardins indicated that the downturn could have been worse without tariff exemptions for CUSMA-compliant exports secured in early negotiations with the United States.
  • Deloitte expects subdued growth in certain regions due to tariffs, while energy exports will boost output in the prairie provinces and Newfoundland and Labrador.
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31 Articles

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Some economists are increasingly optimistic about the tariff dispute with the United States.

·Montreal, Canada
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The Peterborough ExaminerThe Peterborough Examiner
+22 Reposted by 22 other sources
Lean Left

Trade clarity to help Canada's economy rebound after modest recession: Deloitte

OTTAWA - Some economists are putting an increasingly optimistic slant on Canada's tariff dispute with the United States, arguing the economy should be able to avoid "worst-case" scenarios from the trade war.

·Peterborough, Canada
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  • 68% of the sources lean Left
68% Left
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Moose Jaw Today broke the news in on Wednesday, June 25, 2025.
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