Canadian economy likely to go into recession due to US trade war

Quick Summary:

TORONTO: The Canadian economy is set to face the most severe shock since the Covid-19 pandemic and will probably sink into a recession if a tariff war persists, say top economists, with one calling it an "existential threat.

The US and Canadian flags fly near the Blue Water Bridge linking the United States and Canada.

Any longer would deepen the contraction, and the unemployment rate may cross the 7% threshold.“It is premature to estimate the central bank response,” they said.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaCambodiaCanadaFranceUnited States

Topics: Economy Recession /Business/Business News Trade war Trump Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-04 @ 00:00:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 542 words

Reading Time: 4 minutes read

Sentences: 15 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25852632

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 39 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 57 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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