
Macro - Country Economic Forecasts - Canada
Description
We've raised our GDP growth forecasts by 0.2ppts to 0.9% in 2025 and by 0.5ppts to 0.3% in 2026. The pause in Canada's counter-tariffs, relaxed US tariffs on auto parts imports, and new fiscal stimulus will soften the downturn from the trade war, but likely won’t prevent a recession.
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