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Macro - Country Economic Forecasts - Canada

Publisher Oxford Economics
Published Aug 15, 2025
Length 8 Pages
SKU # OFE20317563

Description

We've nudged down our GDP growth forecast by 0.1ppt to 0.8% in 2025, but still expect growth of 0.4% in 2026. GDP likely contracted in Q2 as exports and business investment pulled back, marking the start of a trade war induced downturn that will likely extend through 2025.

Table of Contents

8 Pages
Canada: Rising USMCA compliance cushions impact of new US tariffs
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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